In 2024, Congress has the potential to make significant changes to the world of cryptocurrency. One possible action is amending the definition of “legal tender.” This could have far-reaching implications for how cryptocurrencies are recognized and regulated within the financial system. Additionally, Congress may consider codifying a right to own self-hosted wallets. This would provide individuals with greater control and security over their digital assets. These potential actions demonstrate the growing importance of cryptocurrencies and the need for legislative clarity and oversight in this rapidly evolving industry.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinLegislation on Cryptocurrency: Advocating for the Freedom of Self-Hosted Wallets in 2024