US CFTC Commissioner: The implementation process of FIT21 crypto bill may be long

Summer Mersinger, a member of the U.S. Commodity Futures Trading Commission (CFTC), said at the Consensus Conference that the implementation of the 21st Century Financial Innovation and Technology Act (FIT21) may be a long process, and it may take months or even years of coordination between U.S. regulators before the rules take effect. Rulemaking is a slow process. Whether it is the signing of a law or the signing of the president, it is only the first step. The subsequent rulemaking may take some time. (Cointelegraph)