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“Surprise and revolutionary” crypto bill would make the price of Bitcoin, Ethereum and XRP explode

A Senate Committee approved a bill that would be a game-changer. If it advances it could be the most important crypto policy in the history of the United States.

Bitcoin and other major cryptocurrencies such as Ethereum and

The price of bitcoin has returned to its previous all-time high of around $70,000 and could be about to experience a parabolic rise following the detection of an unexpected price pattern by traders. Meanwhile, Ethereum, XRP and other cryptocurrencies are bracing for a significant shakeout on Wall Street.

As Trump and Biden hurtle toward a showdown over bitcoin, a Senate Committee has approved a bill that could be a game-changer. If it becomes law, it could be the most important crypto policy in US history

The US Senate Select Committee on Intelligence funding package recently passed with a crypto provision that went almost unnoticed. This provision would force companies in the sector to collect more information about their users, under the threat of facing sanctions aimed at preventing the financing of terrorism.

The passage, spotted by attentive Coindesk reporters, would apparently speed up and automate the process to sanction foreign digital asset transaction facilitators, including cryptocurrency exchanges, linked to users who support terrorist groups.

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