Source: International Business Times
The US legislation comes after years of suspicion against the crypto industry amid the belief that the sector born out of the success of bitcoin should be kept on a tight leash AFP US lawmakers are on the verge of passing landmark legislation that will give the much-maligned crypto world much-wanted legitimacy, riding on President Donald Trump's recent embrace of the industry. The US House of Representatives is set to vote on three pieces of legislation this week, including one on the use of stablecoins -- cryptocurrencies pegged to safe assets like the dollar -- that if passed would immediately go to Trump for his signature. The raft of legislation comes after years of suspicion against the crypto industry amid the belief in the Biden administration that the sector, born out of the success of bitcoin, should be kept on a tight leash and away from mainstream investors.
