US Treasury Secretary Bessent said the cryptocurrency-related bill needs to be passed as soon as possible and that Trump will sign it this spring.
The statement, issued on February 13th, underscored the urgency of the legislative process for cryptocurrencies and indicated the possibility of the bill becoming law within the next few months if the necessary procedures are completed in time.
- Bestsent: The cryptocurrency bill needs to be finalized as soon as possible.
- Trump is expected to sign the bill in the spring.
- The statement was recorded on February 13th.
Message from the US Treasury Department
Bessent said that passing the cryptocurrency-related bill is crucial and needs to happen as soon as possible.
According to information from February 13th, US Treasury Secretary Bessent assessed the progress in finalizing the bill as a crucial factor, implying that the executive branch wants to expedite the process to quickly establish a legal framework for the cryptocurrency sector.
Although the specific content of the bill was not disclosed, it is noteworthy that priority was given to the timeline for its passage, rather than prolonging discussions. This could impact market expectations regarding the policy trajectory in the short term.
The time Trump signed the bill
Bessent said Trump would sign the bill this spring.
The statement regarding the signing date suggests the bill could reach the President's desk sometime in the spring. This is a clearer timeline signal than the general indications that it is under XEM or will be considered.
This accompanying information emphasizes market updates and is not an investment recommendation. Investors should monitor subsequent official announcements for progress, scope, and terms related to cryptocurrencies.
