The U.S Congressional Committee has taken a significant step towards fostering the growth of the Cryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates independently of a central authority or traditional banking system. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. Key Features: • Decentralization: Cryptocurrencies operate on a decentralized network of computers, meaning no central authority governs or regulates it. • Cryptography: Secure transactions and... industry in the country. Two bills have been passed with the primary aim of providing clearer regulations for the industry. These bills are expected to remove many of the existing barriers and challenges that crypto businesses face. The move is seen as a positive step towards integrating cryptocurrencies into the mainstream financial system.