Is FIT21 really the legislation the crypto industry needs?
While many in the industry cheered the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21), many others raised criticisms and concerns.
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White House and SEC chair oppose FIT21 bill ahead of House vote
22/05/2024 23:06
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Learn how the FIT 21 bill’s decentralization test defines digital commodities, crucial for protocols aiming to decentralize.
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The U.S. House approved the FIT21 Act, marking a historic step in digital asset regulation, but its future in the Senate remains uncertain.
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The cryptocurrency regulation bill faces bleak prospects in the Senate, with no companion bill and facing criticism from one of the country’s most prominent cryptocurrency critics.
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The regulatory environment for digital assets in the U.S. has long been difficult to maintain. Blockchain Association CEO Kristin Smith wrote that FIT21 represents an important step in the right direction.
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