Cryptocurrency Bill was Approved by the Parliament in the USA

In the USA, the bill containing the provision of cryptocurrency was approved by the parliament. It is stated that the bill could become law.

The U.S. House of Representatives has approved the inclusion of a cryptocurrency provision into the annual defense budget bill. An article from the Innovation Act was added to the National Defense Authorization Act, which allows spending under the demands of the US military, and it is said that the bill, which includes the crypto provision, will most likely become law, since both parties support the enactment of such laws. The cryptocurrency provision, added by Senator Patrick McHenry, aims to ensure that the regulation of these assets is clear so that the United States can take its place in the international race. The proposed clause seeks to make clear that the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) clearly define which institution oversees which aspects of the crypto market. If the law goes into effect, Congress will set up a working group of SEC and CFTC representatives within 90 days of the bill's adoption. The group will also include representatives from the fintech industry and small businesses. This group will have to analyze the current regulations and their impact on the markets for 1 year and prepare a report showing how it affects the competitiveness of the USA with the world.