From Investing.com: 2024-05-22 21:11:41

The U.S. House of Representatives passed a bill for a new legal framework for digital currencies in a bipartisan 279-136 vote. The bill’s supporters believe it will provide regulatory clarity and promote industry growth. This comes as the SEC signals potential approval for spot ether ETFs, despite Chair Gensler’s warning of new financial risks. Crypto supporters back the bill, while Gensler maintains digital assets should face the same laws and protections as traditional assets. He criticized the bill for undermining investor protection and leaving little time for the SEC to intervene in self-certified digital commodities.

Read more at Investing.com: US House passes crypto bill despite warnings from SEC By Reuters