🚨 U.S. House Greenlights Blockchain Bill — Crypto Adoption
koinmilyoner
Updated at: 5 hours ago
{"content":"🚨 U.S. House Greenlights Blockchain Bill — Crypto Adoption Gets a Major Boost!
The US House of Representatives introduced a bipartisan crypto bill to encourage Blockchain usage and increase national competitiveness with government funding.
Policy tracking platform Bitcoin Laws reported Thursday that the US House of Representatives passed a bill directing the US Secretary of Commerce to lead national efforts to promote US competitiveness and blockchain and other DLT adoption.
The bill, co-sponsored by Democratic Representative Darren Soto, would require the Secretary to advise the President on the deployment, use, application, and competitiveness of blockchain and other DLT and support US leadership in this sector.
These initiatives improve US national security and economic security by providing blockchain deployment risk rules and recommendations.
It also requires the US Secretary of Commerce to promote and strengthen federal agency cooperation for these technology deployments to provide government assistance.
HR 1664 would also mandate advisory groups to promote blockchain technology within 180 days of its implementation.
The Senate received crypto legislation this week to continue the legislative process with bipartisan backing.
According to Bitcoinist, House leaders were attempting to unite the GENIUS Act with the CLARITY Act to boost their prospects of passing Congress and reaching Trump's desk before the August vacation.
At a press briefing on Thursday, Senate Banking Committee Chair Tim Scott disclosed a new crypto market structure and timeframe, indicating an attempt to keep the legislation distinct.
White House Crypto and AI Czar David Sacks' updated timetable states that the legislation would be submitted before the August vacation, marked up in the first week of September, and passed by the end of September.
Trump favors CLARITY on market structure and GENIUS on stablecoins, according to Sacks, and July will be a significant month for GENIUS with a bill signing and CLARITY heading to the Senate.
#TRUMP #USCorePCEMay #BTC $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/28/bcd7c555ace3425385e777b1f583a9c6.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}