Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
House Financial Services Committee Democrats have largely opposed a bill proposing changes to crypto oversight in the US, including a clear path for digital assets to transition from security to commodity. Although several Democrats showed support, this opposition reduces the chances of the bill becoming law, as Democrats narrowly control the Senate, and President Joe Biden is less likely to sign a bill into law if most party members oppose it. Senior members of the House of Representatives suggested that negotiations for creating a comprehensive framework in the US around stablecoins could yield more agreement.
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