⚡️Bitcoin Al⚡️ 3000⚡️ on Nostr: This is a huge layered cake when looking at how much effort it will be to get this ...
This is a huge layered cake when looking at how much effort it will be to get this approved into law. Only positive is that if I understood it correctly the Republicans now have the majority in the Senate, which would help to push this forward. But hopefully it will go into approval proces after Trump is president.
This is what chatgpt tells me:
Here’s what happens next with the Bitcoin Act of 2024:
1. Senate Committee Review: The bill will first be reviewed by a Senate committee. This step involves detailed examination and possible amendments.
2. Senate Vote: If the committee approves the bill, it will be presented to the entire Senate for a vote.
3. House of Representatives: If the Senate passes the bill, it will move to the House of Representatives for another round of review and voting.
4. Presidential Approval: If both the Senate and the House approve the bill, it will be sent to the President for final ratification.
The timeline for these steps can vary, but each stage is crucial for the bill to become law.
This is what chatgpt tells me:
Here’s what happens next with the Bitcoin Act of 2024:
1. Senate Committee Review: The bill will first be reviewed by a Senate committee. This step involves detailed examination and possible amendments.
2. Senate Vote: If the committee approves the bill, it will be presented to the entire Senate for a vote.
3. House of Representatives: If the Senate passes the bill, it will move to the House of Representatives for another round of review and voting.
4. Presidential Approval: If both the Senate and the House approve the bill, it will be sent to the President for final ratification.
The timeline for these steps can vary, but each stage is crucial for the bill to become law.