Dex-Trade News Digest: Crypto Regulation Advances in the U.S.

U.S. Lawmakers Propose New Crypto Committees to Shape Future Regulations

The bill, introduced by Tennessee Rep. John Rose, will create a joint digital asset advisory committee between the CFTC and the SEC for major movement in crypto regulation harmonization in the United States. It states that the advisory committee shall be composed of 20 industry professionals who would advise how to make clear policies of digital assets to promote innovation while resolving regulatory overlaps that have hampered the growth of such a sector.

Bitcoin's Price Outlook Amidst U.S. Presidential Elections

With the U.S. presidential elections heating up, Standard Chartered analysts expect quite significant influences on the price of Bitcoin, contingent upon the results of the elections. While a Trump presidency may see Bitcoin rise as high as $125K due to favorable regulatory positions, a win by Harris might depress prices initially to $75K, though it is expected to recover since her administration would most likely still see a path towards regulatory clarity.

Collaboration and Discussion Promote Crypto-Friendly Policies

In another move friendly to crypto, Rep. Wiley Nickel, alongside The Digital Chamber, held a Bitcoin roundtable-a discussion on cryptocurrency's role in national security and financial inclusion. The meeting just goes to show the ongoing efforts of U.S. lawmakers to integrate digital assets into broader economic strategies, perhaps lightening up the regulatory landscape for cryptocurrencies.

These developments underline a profound change in mindset regarding how digital assets have been perceived at different levels of government, and this presages a more coordinated-possibly bullish-future for cryptocurrencies within the U.S. market.

Conclusion

The shifting political sands of the United States increasingly intersect with a world of cryptocurrencies-from new legislative proposals such as the Bridge Digital Assets Act, to continued consultations on the impact of Bitcoin on national security and financial inclusion-the pace of crypto regulation only quickens. With the 2024 elections, which are going to decide the fate of digital assets in the U.S., both Trump and Harris are well-placed, while analysts predict huge movements in the market. Follow Dex-Trade for more on these unfolding events and how this might influence the crypto market.