Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
NEO Founder: US House of Representatives passes new Bitcoin bill, recognizing it as a "store of value" asset

NEO Founder: US House of Representatives passes new Bitcoin bill, recognizing it as a "store of value" asset

Bitget2024/11/24 03:03

NEO founder Da Hongfei posted on X stating that the U.S. House of Representatives has passed a milestone Bitcoin bill (176-26), which is reshaping cryptocurrency regulation.

It mentions that Bitcoin is now officially recognized as a "store of value" asset, similar to digital gold, while ETH is still classified as a utility token. This clear distinction brings great opportunities and in practice means:

-Banks can now formally hold Bitcoin as a reserve asset;

-Local and federal governments have clear guidelines for BTC reserves;

-Institutions finally get the regulatory clarity they need;

-Global markets may follow this framework.

This is not just another regulation, but also the foundation for integrating Bitcoin into traditional finance. Please pay attention to the implementation details and new institutional policies in the coming months.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!