Coinbase Dey Shout Pass Make US Senate Pass FIT21 Crypto Law Before Dem Go August Break
Coinbase, wey be di biggest US cryptocurrency exchange, don ginger dia push wey dey beg di US Senate to vote on full crypto regulation before August holiday. Adding to wetin dem don tok before, Coinbase specifically ask for support for di Financial Innovation and Technology for the 21st Century Act (FIT21), one bill wey di House don pass already, to set up government control rules for crypto trading, including Bitcoin and other digital money. Coinbase talk say clear US crypto rules important well well for customers safety, responsible new ideas, and to keep America strong for competition, as other places like EU and UK don dey make dia own rules. Di company show say bipartisan voters don dey support clear rules more, and warn say if dem delay, e go push jobs and businesses go abroad. Di Senate decision on FIT21 go directly affect how trading go be, how investors go trust, and di future way for di US crypto sector.
Bullish
Di joint summary show say Coinbase don dey add plenty pressure on top US lawmakers to push complete crypto rules, especially wit di FIT21 Act. Clear US rules don always make investors trust market more and make am stable, reduce legal wahala wey dey make price jiggle. Dem focus wella on protecting new ideas, protecting investors, and making US compete well globally, so both big and small traders go like am. If Senate do well, e fit bring more money enter US market, ginger new crypto businesses, and reduce risk of businesses relocating abroad. Before before, when regulation better for big countries, price use to climb. So, di feeling strong for short and long term, especially for popular cryptos like Bitcoin, because clear US rules dey push growth and make price rise.