White House Stance on FIT21 and Collaboration with Congress for Digital Asset Regulations
Wednesday, 22 May 2024, 14:49
White House Opposes FIT21 but Open to Collaboration
Although the Biden administration has expressed opposition to FIT21, it is willing to work with regulators to create a balanced regulatory framework for digital assets.
Signaling a Strategic Approach
The administration's stance reflects a nuanced understanding of the complexities of digital asset regulation and the need for collaboration with regulatory bodies.
This approach highlights the importance of establishing comprehensive regulations that support innovation while mitigating risks.
- Opposition to FIT21 is accompanied by a willingness to engage with Congress and regulatory stakeholders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.