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What is the future and current state of cryptocurrencies in the United States?

In 2024, the United States remains a divided country regarding its stance towards cryptocurrencies. Although there are significant advances, such as the approval of the first Bitcoin-linked exchange-traded funds (ETF), cryptocurrency legislation remains a controversial topic.

The cryptocurrency industry is still waiting for formal regulations, but the US Congress has been slow to pass bills. The lack of an agreement between the political parties and the departure of the defender of cryptocurrencies, the REP. Patrick McHenry, have created uncertainty about the future of the legislation.

However, there are signs that regulators are starting to take action. The United States Securities and Exchange Commission (SEC) has approved the first Bitcoin ETFs, which may be a step towards the normalization of cryptocurrencies in the financial market.

Furthermore, the SEC has made it clear that its approval of Bitcoin ETFs does not indicate a general openness for all cryptocurrencies. This suggests that while the US government is willing to regulate certain cryptocurrencies, it is not ready to approve all cryptocurrencies across the board.

In short, the United States remains a divided country regarding its stance towards cryptocurrencies. Although there are significant advances, such as the approval of Bitcoin ETFs, cryptocurrency legislation remains a controversial topic. The industry is still waiting for formal regulations, but the US Congress has been slow to pass bills.