NEO Founder: US House of Representatives Passes New BTC Bill, Recognizing It as a "Store of Value" Asset

2024-11-24 02:36:55

Abstract generation in progress

Odaily Planet Daily News, NEO founder Da Hongfei wrote in an article on X, stating that the U.S. House of Representatives passed a milestone BTC bill (176-26), which is reshaping cryptocurrency regulation. It is mentioned that BTC 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 enormous opportunities, which in practice means: -Banks can now officially hold BTC as reserve assets;

Local and federal governments have clear guidelines for BTC reserves;
Institutions finally obtained the regulatory clarity they needed;
The global market may follow this framework. This is not just another regulation, but also the foundation for Bitcoin's integration into TradFi. Please follow the implementation details and new institutional policies in the coming months.

NEO0.85%

BTC0.25%

X-0.87%

ETH1.3%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes