At the World Economic Forum in Davos, President Donald Trump indicated that comprehensive U.S. crypto legislation could reach his desk shortly, calling it a priority for his administration. Trump emphasized speed over technical details, noting that Congress is actively working through rules covering bitcoin and other crypto assets.
The legislative process faces setbacks, including Coinbase withdrawing support and a Senate committee delaying a vote. Disagreements center on stablecoin rewards, with banks warning of risks to deposits and crypto firms arguing that restrictions would unfairly protect traditional lenders. White House advisers stress urgency, while industry leaders press for swift passage to maintain momentum and unlock investment.
Source: Reuters, The Wall Street Journal, World Economic Forum coverage
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