White House Opposes FIT21, Advocates for Balanced Crypto Regulations
Wednesday, 22 May 2024, 16:56
Biden Admin Rejects FIT21, Open to Crypto Regulation
The White House opposes the FIT21 bill due to consumer protection concerns. The administration is open to working with Congress to establish a balanced regulatory framework for crypto assets.
Bipartisan Support Amid Debate
Despite the opposition to FIT21, the White House seeks cooperation with Congress. The administration emphasizes the need for regulatory measures that promote innovation while protecting consumers and investors.
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