Following recent developments in the crypto sector, below are five cryptocurrencies to watch now for the upcoming rally. Each of these promising projects
The Speaker of the North Carolina House of Representatives has introduced a bill that would allow the U.S. Treasury to invest in Bitcoin (BTC) and other digital assets.
The bill, HB 92, would permit the Treasury to invest up to 10% of its assets in Bitcoin and other "qualified digital assets."
However, in order to qualify, the digital assets must be exchange-traded products and maintain an average market capitalization of at least $750 billion over the past 12 months.
The bill defines a "qualified digital asset" as a digital asset that is recognized as a commodity by the Commodity Futures Trading Commission (CFTC) and is traded on a national securities exchange registered with the Securities and Exchange Commission (SEC).
It also states that the digital asset must have a market capitalization of at least $750 billion, as determined by an index approved by the Secretary of the Treasury.
The bill would require the Treasury to sell any digital assets that no longer meet the definition of a "qualified digital asset."
It would also prohibit the Treasury from investing in any digital assets that are issued by a private entity or that are not decentralized.
The bill was referred to the House Committee on Finance for further consideration.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
