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Biden is about to sign the infrastructure construction law and
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Date：2024-04-06 18:32:21 Channel：Build Read：
The Biden administration is about to sign a historic infrastructure bill, a move that will inject new vitality into the U.S. economy and also trigger heated discussions in the cryptocurrency market. Against this backdrop, the United States will hold a hearing on cryptocurrencies to explore their role and challenges in the future economy. Behind this series of events will affect the development trend of the United States and even the world.With the upcoming signing of the infrastructure bill, the Biden administration will invest trillions of dollars in America's infrastructure to drive the country's growth and innovation. This initiative is considered the largest infrastructure investment plan in the United States in recent decades, covering various fields such as transportation, energy, and communications. This will bring new growth points to the U.S. economy, create job opportunities, and enhance the country's competitiveness.The four most famous international exchanges:
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At the same time, the cryptocurrency market is also attracting attention. As the value of cryptocurrencies such as Bitcoin and Ethereum continues to rise, cryptocurrencies have become a highly sought-after investment method. However, the volatility of the cryptocurrency market has become increasingly prominent, and regulatory and security issues need to be resolved urgently. Against this backdrop, the U.S. government will hold a hearing to explore the current state of cryptocurrency development and its future direction.This hearing will focus on the regulation, security, innovation and other issues of cryptocurrency. Attendees include government officials, industry experts, academics and other people from all walks of life, who will have in-depth discussions on the potential and risks of cryptocurrency. At the same time, the hearing will also discuss how to formulate more effective regulatory policies to protect the rights and interests of investors and promote the healthy development of the market.At this critical moment, the U.S. government needs to develop smart policies that balance innovation and risk and push the cryptocurrency market in a more robust and sustainable direction. As an important part of the future financial system, the development of cryptocurrency will profoundly affect the global economic landscape. Therefore, the U.S. government needs to strengthen cooperation with the industry to jointly promote the standardization and healthy development of the cryptocurrency market.
The Joint Economic Committee of the U.S. Congress
Committee) will hold a hearing titled "Decrypting Cryptocurrency: Digital Assets and the Role of Government" on November 17, focusing on clarifying the role and role of government in the context of digital assets.
This meeting will be held in Washington, D.C., at 2:30 pm EST on November 17th (3:30am Beijing time on November 18th). The entire event will also be broadcast live on the Joint Economic Committee’s YouTube channel. Committee Chairman, Rep. Don
Beyer will preside over the hearing.
The conference also invited experts in the crypto industry, including Alexis Goldstein, director of financial policy at the Open Markets Institute, and Tim Cook, former chairman of the Commodity Futures Trading Commission.
Massad, Kevin Werbach, director of blockchain and digital assets at the Wharton School of the University of Pennsylvania, and Peter Van, director of research at CoinCenter
Valkenburgh, participating lawmakers include Senators Rob Portman and Ted Cruz, both of whom have expressed support for crypto regulation.
Much of the discussion of U.S. cryptocurrency regulation takes place outside of Congress and is mostly limited to meetings of the House Financial Services Committee or the Senate Banking, Housing, and Urban Affairs Committee. However, cryptocurrencies became the focus of Congress in August with the $1.2 trillion infrastructure bill, which posed controversy over tax reporting requirements for cryptocurrency developers, transaction validators and node operators.
The infrastructure bill was passed by the House of Representatives on Friday and is currently awaiting signature from President Biden, who is expected to sign the bill into law next Monday. However, the above doubts have not yet been clarified.
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