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NEO founder: US House of Representatives passes new Bitcoin bill, designating it as a 'store of value' asset

2024-11-24 02:37

Odaily Planet Daily News: NEO founder Da Hongfei posted on X that the US House of Representatives has passed a landmark Bitcoin bill (176-26), which is reshaping cryptocurrency regulation. It is mentioned that Bitcoin is now officially recognized as a "value storage" asset, similar to digital gold, while ETH is still classified as a utility token. This clear distinction brings enormous opportunities, which in practice means: -Banks can now officially hold Bitcoin as a reserve asset; -Local and federal governments have clear guidelines for BTC reserves; -Institutions have finally obtained the regulatory clarity they need; -The global market may follow this framework. This is not just another regulation, but also the foundation for Bitcoin's integration into traditional finance. Please pay attention to the implementation details and new institutional policies in the coming months.

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