The U.S. Congress is accelerating encryption legislation and aims to complete it before August
On April 28th, news came that US congressmen returned to Congress after the Easter recess and prioritized cryptocurrency legislation, aiming to complete the stablecoin and market structure bill before the August deadline set by President Trump. The House Financial Services Committee and Agriculture Committee will hold a joint hearing on May 6th to discuss the blueprint for digital asset legislation. The Senate is also integrating the contents of the 2022 Lummis-Gillibrand Act and the FIT21 Act.
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Share link:In this post: The US Department of Labor reversed an earlier guidance that discouraged retirement managers from considering crypto as an investment option in 401(k) plans. The government’s stance is now fully neutral, meaning plan providers can offer digital asset exposure. The SEC will hold a major “Emerging Trends in Asset Management” conference on June 5.
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