A major U.S. crypto bill, currently under congressional review, unexpectedly includes a housing proposal known as the "Build Now Act." This section aims to increase housing supply in major cities through federal incentives. The proposal targets cities and counties already receiving federal housing funds, introducing a measure to track housing growth rates. Areas with low rent levels or home prices below the national median may not qualify for the program.
The inclusion of housing policy in a crypto-focused bill has sparked significant discussion within the crypto community. The bill, which also addresses crypto regulation through the Clarity Act, is moving forward with a Senate Banking Committee vote expected soon. The Clarity Act seeks to establish a regulatory framework for digital assets, including stablecoin policies, and faces opposition from banking groups concerned about its impact on traditional bank deposits.
U.S. Crypto Bill Includes Surprising Housing Proposal
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