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
ZKP Crypto's Daily Auction System Simplifies Token Participation
The daily auction model allows contributors to participate without pressure, ensuring equal access to tokens.
SUBBD Targets Creators with AI-Powered Features
SUBBD is positioning itself as a creator-first asset, blending AI tools with exclusive access and rewards.
Tezos Demonstrates Remarkable Governance Stability Amid Market Uncertainty
Tezos continues its on-chain governance model without interruption, showcasing operational continuity amid market volatility.
Celestia's Groundbreaking Modular Design Maintains Relevance
Celestia's modular blockchain framework continues to be referenced in ecosystem discussions despite controlled price movement.
Qubic Gains Visibility with Exceptional Computational Focus
Qubic has continued to draw attention due to its compute-oriented architecture and experimental design, with network discussions focusing on its processing framework rather than short-term price behavior.
Japan to Cut Crypto Tax Rate from 55% to 20% in 2026
Japan plans to reduce the tax rate on cryptocurrency income from 55% to 20% in 2026.
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