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HYPE $59.11 +3.29%
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XLM $0.1573 +0.35%
ZEC $510.17 +5.27%

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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