CandleFocus After the Election, US Congress Will Gather for Cryptocurrencies – Here’s All You Need to Know
2024-10-29
Author: Content Editor
As Congress prepares to reconvene after the US elections, cryptocurrency legislation is expected to regain momentum. The campaign hiatus has caused a delay in crypto-related legislative work, but it is expected to end after the election. However, the finalization of election results could affect the agenda for the remaining five weeks of the session. Stablecoin legislation is a key focus, with bipartisan support and the possibility of passing this year or in 2025. Recent concerns surrounding Tether and a potential investigation by New York authorities are also being closely watched. Looking ahead, there is optimism for a "pro-crypto Congress" in the future, with a stronger likelihood of stablecoin legislation passing. Additionally, tax provisions related to cryptocurrencies, market structure, NFT regulation, and decentralized finance are expected to be important areas of focus in the coming years.
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