The FIT21 bill, which has received bipartisan support and successfully passed the House of Representatives, is now encountering hurdles in the Senate. The legislation aims to define the regulatory roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding digital assets. Joe Biden's administration has raised concerns about potential regulatory gaps within the bill that could impact market stability. SEC Commissioner Hester Pierce commented on Congress' growing interest in cryptocurrency legislation, attributing it to dissatisfaction with the SEC's lack of clarity for crypto firms.
Challenges and Debates Surrounding the FIT21 Bill
by Giorgi Kostiuk
2 years ago
0
Other news
Marathon Digital Launches Bitcoin Mining Pilot Using Landfill Methane in Utah
Marathon Digital has launched a small-scale Bitcoin mining pilot project in Utah, using landfill methane gas to generate electricity.
IBIT and MicroStrategy: Two Distinct Paths to Bitcoin Accumulation
IBIT passively accumulates Bitcoin through ETF demand, while MicroStrategy actively raises capital to buy Bitcoin for its treasury.
Ten Cows Become First Livestock Collateral on Brazil's Stock Exchange
Ten cows from Fazenda Engenho Velho in Brazil have become the first livestock collateral formally registered on the country's stock exchange, utilizing blockchain technology and AI-powered sensors.
SP Dow Jones Indices and Pantera Capital Launch New Digital Asset Benchmark
SP Dow Jones Indices and Pantera Capital have launched the SP Pantera Digital Asset Index (SPPDA), a new benchmark that tracks crypto networks through a fundamentals-focused lens.
T Rowe Price Introduces Active Crypto ETF for Diverse Digital Asset Exposure
T Rowe Price has filed for an Active Crypto ETF, TKNZ, to hold 5-15 digital assets, marking a shift in the crypto ETF market.
French Gambling Authority Blocks Access to Polymarket
The French National Gambling Authority (ANJ) has ordered internet service providers to block access to Polymarket due to concerns over illegal gambling practices.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter