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The House passed legislation Wednesday laying out a new framework for when cryptocurrencies should be regulated by the Securities and Exchange Commission The Executive Office of US President Joe Biden has announced its stance on proposed legislation, H.J. Res. 109, that would allow highly regulated financial firms to act The bill includes a provision that would codify Republicans' and the banking industry's complaints with a Securities and Exchange Commission measure that banks say In a groundbreaking development, the U.S. House Financial Services Committee has just passed the “Keep Your Coins Act of 2025,” a landmark bill advocating for The bill would remove roadblocks that prevent highly regulated financial institutions from acting as custodians for digital assets like Bitcoin. The US House vote The House Financial Services Committee passed a resolution to disavow SEC SAB 121, a bulletin leaving banks out of the crypto custody market. The controversial US crypto bill aims to create a regulatory framework that would authorize major financial institutions to include Bitcoin in their portfolios. Proponents The US House voted to overturn a bill that prevents financial firms from acting as custodians for Bitcoin and other cryptocurrencies with a new bill. The proposed The SAB 121 makes it prohibitive for highly regulated financial firms to custody Bitcoin and crypto. “Given the overwhelming bipartisan votes, we urge you to sign H.J.

US House Advances Bill to Allow Financial Firms to Hold Bitcoin: A Game Changer for Crypto?

The U.S. House has taken a significant step towards mainstream cryptocurrency adoption, advancing a bill that could allow highly regulated financial firms to hold Bitcoin. This groundbreaking development, championed by the House Financial Services Committee, signifies a potential paradigm shift in how traditional financial institutions interact with digital assets.

What is the "Keep Your Coins Act of 2025" and Why Does it Matter?

In a groundbreaking development, the U.S. House Financial Services Committee has just passed the “Keep Your Coins Act of 2025,” a landmark bill advocating for the bill would remove roadblocks that prevent highly regulated financial institutions from acting as custodians for digital assets like Bitcoin. The proposed US crypto bill aims to create a regulatory framework that would authorize major financial institutions to include Bitcoin in their portfolios. This means that banks and other financial institutions could offer custody services for Bitcoin, making it easier for institutional investors and individuals to access and manage their crypto holdings.

House Passes Legislation, But What\'s the Stance of the Biden Administration?

The House passed legislation Wednesday laying out a new framework for when cryptocurrencies should be regulated by the Securities and Exchange Commission. The Executive Office of US President Joe Biden has announced its stance on proposed legislation, H.J. Res. 109, that would allow highly regulated financial firms to act. The US House voted to overturn a bill that prevents financial firms from acting as custodians for Bitcoin and other cryptocurrencies with a new bill.

The Controversy Around SEC SAB 121

At the heart of this legislative push is the desire to disavow SEC SAB 121, a bulletin leaving banks out of the crypto custody market. The US House Financial Services Committee passed a resolution to disavow SEC SAB 121, a bulletin leaving banks out of the crypto custody market. SAB 121 makes it prohibitive for highly regulated financial firms to custody Bitcoin and crypto. This accounting guidance, critics argue, creates unnecessary barriers for banks wanting to provide crypto custody services. The bill includes a provision that would codify Republicans\' and the banking industry\'s complaints with a Securities and Exchange Commission measure that banks say.

What\'s Next for Bitcoin Custody?

The US House vote proponents feel this is a necessary step. The bill would remove roadblocks that prevent highly regulated financial institutions from acting as custodians for digital assets like Bitcoin. As the legislation moves forward, it will be crucial to monitor its progress and understand the potential implications for the broader crypto ecosystem. “Given the overwhelming bipartisan votes, we urge you to sign H.J."

Stay tuned for further updates as this pivotal legislation unfolds.

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