US House Passes Historic FIT21 Crypto Bill, Senate Next Step
US House Passes Historic FIT21 Crypto Bill, Senate Next Step
The US House of Representatives approved the FIT21 bill with a remarkable 279-136 vote, advancing regulatory frameworks in the crypto space.
FIT21 Gets Strong Support
The bill received backing from both Democrats and Republicans, signaling a united front towards establishing clear crypto regulations.
- Congressman John Rose supports the bill to prevent regulatory obstruction and promote innovation.
- Representative Wiley Nickel emphasizes the importance of updated regulations for digital assets.
Industry Leaders Express Enthusiasm
Crypto CEOs like Brad Garlinghouse and legal experts such as Jake Chervinsky show optimism for FIT21 but face Senate uncertainties.
The White House seeks additional safeguards in the bill despite acknowledging the necessity of a regulatory framework for digital assets.
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