Will Success Finally Come This Time? New Bill to Regulate Cryptocurrencies in the US Has Been Unveiled – It Was Rejected Last Year, Here Are the Details

By: bitcoin ethereum news|2025/05/06 14:15:01

Republicans in the House of Representatives have released new draft legislation that aims to create a comprehensive regulatory framework for the cryptocurrency asset industry in the United States. The draft, unveiled by top Republicans on the House Financial Services and Agriculture Committees, builds on previous efforts to clarify crypto regulation. Representatives French Hill, Bryan Steil, Glenn GT Thompson, and Dusty Johnson spearheaded the effort. “We made historic progress in the 118th Congress to build a bipartisan, bicameral consensus on creating a functional regulatory framework for digital assets,” Rep. Hill said in a statement. “Our discussion draft builds on this work and provides much-needed regulatory clarity for the digital asset ecosystem, protecting consumers and preserving the long-term integrity of digital asset markets in the United States.” The draft was released ahead of a hearing scheduled for Tuesday titled “A Blueprint for American Innovation and the Future of Digital Assets: A 21st Century Plan.” Lawmakers say the new draft closely mirrors the Financial Innovation and Technology for the 21st Century Act (FIT21), which passed the House of Representatives but failed to pass the Senate last year. FIT21 had proposed splitting oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), giving the CFTC more authority over crypto spot markets and digital commodities, particularly Bitcoin. The updated draft continues that approach by delineating regulatory authority between the two agencies. According to a summary document, the new draft includes provisions for digital commodity exchanges, disclosure requirements, and registration mechanisms with the CFTC. It also proposes “a pathway to raise funds under the jurisdiction of the SEC” and aims to establish “a clear process for registering with the CFTC for digital commodity trading.” *This is not investment advice. Source: https://en.bitcoinsistemi.com/will-success-finally-come-this-time-new-bill-to-regulate-cryptocurrencies-in-the-us-has-been-unveiled-it-was-rejected-last-year-here-are-the-details/

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.