The US The House of Representatives has passed an important bill by a vote of 176-26.
In this act, Bitcoin is now officially recognized as a 'store of value', making it the equivalent of digital gold.
Also, Ethereum is classified as a utility token.
This clarification allows banks to hold Bitcoin as a reserve asset and local and central governments can provide clear guidelines for Bitcoin reserves.
With this step organizations can get regulatory clarity, adopt new framework.
This is not a general regulation but an important foundation for integrating Bitcoin into the traditional financial system.
