US Agriculture Committee Says Big Crypto News Coming

The US House of Representatives Agriculture Committee confirmed that America is going to open its hands to accept the crypto sector & boost digital innovations. 

On 21 July 2023, The US House of Representatives Agriculture Committee took to Twitter to inform the crypto community that big crypto news is coming for this innovative sector.

Some big #crypto news coming soon…

— House Committee on Agriculture (@HouseAgGOP) July 20, 2023

A few crypto Twitter users said what will be the contribution of the American agriculture department in crypto and other people jokingly said that they will contribute to Decentralised Finance (Defi) farming.

all the DeFi farming and stuff.

— Crypto Obviously (@ObviouslyCrypto) July 20, 2023

Following the first tweet on crypto, the US government agency further published another Twitter with an attached link. Through the latest tweet, they confirmed that they introduced the Financial Innovation and Technology for the 21st Century Act. The introduced bill establishes a regulatory framework for digital assets, protects consumers, fosters innovation, and positions America as a leader in finance and technology. 

Introducing the Financial Innovation and Technology for the 21st Century Act. This bill establishes a regulatory framework for digital assets, protects consumers, fosters innovation, and positions America as a leader in finance and technology. #crypto https://t.co/0ihzY3MP0k

— House Committee on Agriculture (@HouseAgGOP) July 20, 2023

So here it is clear that the US House of Representatives Agriculture Committee is in support of the crypto & blockchain sector innovation in the country, so that country always remains the top leader in terms of digital innovations. 

America, Crypto, & uncertainty

In the present time, the United States Securities Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) regulate the crypto sector on behalf of the existing traditional financial rules & regulations. 

The majority of the crypto companies in the US are facing harsh regulatory action for the violation of those financial acts, which do not apply to the crypto sector & cryptocurrencies.

In the present time, the majority of the people are supporting crypto companies & passing negative statements against the SEC agency over harsh crypto regulatory efforts.

Read also: America launches “FEDnow” officially and says CBDC is not required