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BiyaPay Analyst: US Congress Hits Crypto Pause Button, Crypto Bill Delayed Until March
BlockBeats News, January 22nd, the US crypto legislative process has once again taken a turn. Bloomberg reported on January 21st that the US Senate Banking Committee has shifted the legislative focus to housing policy, and the cryptocurrency market structure bill is expected to be postponed until late February or March for deliberation. Previously, Trump signed an executive order to restrict large institutional investors from buying single-family homes, and the housing cost issue has been prioritized in current policy.
The uncertainty of crypto legislation was also evident last week. Coinbase withdrew its support for the relevant bill, and the Senate Agriculture Committee's involvement in the final text negotiation created inter-committee coordination challenges for the bill's progress. Although the regulatory framework is still seen as a long-term direction, the market is currently unable to obtain a clear timetable.
BiyaPay analysts pointed out that the slowed regulatory pace helps the market digest policy expectation fluctuations, which may intensify short-term emotional fluctuations but do not alter the medium- to long-term institutionalization trend of crypto assets. At this stage, investors should pay more attention to asset allocation and trading flexibility.
In this context, BiyaPay users can use USDT to flexibly participate in US stocks, Hong Kong stocks, options, and cryptocurrency trading, conducting risk hedging and opportunity layout in a multi-market environment.
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