TechFlow news, on November 24, NEO founder Da Hongfei disclosed that the U.S. House of Representatives passed a Bitcoin bill (176-26), which formally classifies Bitcoin as a "store of value" asset—akin to digital gold—while categorizing Ethereum as a utility token. Da Hongfei stated that in practice, this bill means:
- Banks can now officially hold Bitcoin as a reserve asset;
- Clear guidelines exist for BTC reserves at both state and federal government levels;
- Institutions have finally gained the regulatory clarity they needed;
- Global markets may follow this framework.
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