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ETH $2,481.73 -0.41%
BNB $752.09 +1.73%
XRP $1.42 +1.70%
SOL $103.13 -0.69%
TRX $0.3378 +0.97%
DOGE $0.0897 -0.65%
ADA $0.2201 -0.25%
BCH $256.89 -1.53%
LINK $12.50 -2.07%
HYPE $84.47 -0.94%
AAVE $128.77 -2.62%
SUI $0.8106 -2.11%
XLM $0.1883 -2.19%
ZEC $1,170.15 +1.78%

NEO founder: The U.S. House of Representatives passes a Bitcoin bill, officially recognizing it as a "store of value" asset

2024-11-24 11:08:19

ChainCatcher news, NEO founder Da Hongfei disclosed that the U.S. House of Representatives passed the Bitcoin bill (176-26), which officially recognizes Bitcoin as a "store of value" asset for the first time, positioning it similarly to digital gold, while classifying Ethereum as a utility token. Da Hongfei stated that this bill will mean in practice:

  • Banks can now officially hold Bitcoin as a reserve asset;
  • Local and federal governments have clear guidelines on BTC reserves;
  • Institutions finally gain the regulatory clarity they need;
  • The global market may follow this framework.
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