The House Financial Services Committee has just passed the Strategic Bitcoin Reserve Act through its first stage by a vote of 28 to 21— the first time in the entire United States that such a bill has gone through the full committee process. Don’t get too excited yet; it still has to pass three more hurdles: the full House, the Senate, and the President’s signature. What’s happened so far is only the first step of a long journey. If the market starts pricing in approval at this point, that would be a classic case of jumping the gun.

$BTC