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.
JinseFinanceWhile 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.
JinseFinanceLearn how the FIT 21 bill’s decentralization test defines digital commodities, crucial for protocols aiming to decentralize.
WeiliangThe U.S. House approved the FIT21 Act, marking a historic step in digital asset regulation, but its future in the Senate remains uncertain.
MiyukiThe 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.
JinseFinanceUS House passes FIT21 bill, providing clarity on crypto regulations. Industry lauds bipartisan effort for consumer protection.
Xu LinThe 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.
JinseFinanceThe legislation gives the U.S. CFTC new jurisdiction over digital commodities and clarifies the U.S. SEC’s jurisdiction over digital assets offered as part of investment contracts.
JinseFinanceA provision of the crypto bill delegated oversight of some cryptocurrencies to the U.S. Commodity Futures Trading Commission (CFTC), and the CFTC chief said they were concerned about "vigorous regulation of the market."
CointelegraphThe Treasury Department is seeking industry and public input on how to regulate digital assets by March 18.
Cointelegraph