|
Industry experts indicate that there may be better prospects for the stablecoin bill in the United States next year, but the chances of a comprehensive digital asset market bill passing are slim. Ron Hammond, Director of Government Relations at the Blockchain Association ZF, suggests a 75% likelihood of the stablecoin bill passing in 2024, while Cody Carbone, Vice President of Policy at the Digital Commerce Association, believes the probability is 60%. The "21st Century Financial Innovation and Technology Act" takes a comprehensive approach to regulating the entire cryptocurrency space. Hammond believes there is only a 25% chance of this bill passing in some form in 2024. This is partly due to potential opposition from the SEC, opposition from Democratic California Representative Maxine Waters, and silence on the issue from Brown. |
|