(Beincrypto) The United States Congress came up with 35 crypto-related bills in 2021, more so related to overall regulation, blockchain technology, and consumer protection.
In 2021, the industry saw a greater focus on crypto regulation than in the prior years. A majority of the bills relate to general crypto regulation, blockchain technology, and the central bank digital currencies (CBDC).
The Infrastructure and Investment Jobs Act is one of the popular bills introduced by President Joe Biden and his administration. The bill created a provision on crypto tax, the proceeds that will be utilized in financing the activities of the bill.
Other bills include the Consumer Safety Technology Act, the Blockchain Innovation Act, and the Digital Taxonomy Act. These bills would help to study blockchain technology applications and protect consumers.
CBDCs have become a major area that officials are emphasizing on. The government is focused on remaining competitive with innovations.
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