I heard about good progress. Recently, the Chair of the Senate Banking Committee's Digital Assets Subcommittee Cynthia Lummis stated that the "Responsible Financial Innovation Act" is accelerating in progress, and a markup session is expected to be held in the second week of January. Simply put, the core of this law is to allow major banks to officially enter — where they can provide custody, staking, and payment services for digital assets.



Why is this important? Because it marks the beginning of the traditional financial system adopting digital assets. On one hand, it can provide greater protection for users, and on the other hand, it opens the door for growth in this sector. After months of discussions and delays, there is finally real movement.

When this law is actually implemented, the liquidity of the banking system and its compliance features will surely accelerate flow into this space. For the cryptocurrency ecosystem, this represents a shift from random growth to regulatory oversight.
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)