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
Stellar Lumens XLM Targets Key Resistance at 0.195 in Wave 3
Stellar Lumens XLM is currently progressing through Wave 3, targeting a price of 0.195 as it approaches a key resistance level.
Chainlink's Infrastructure Enhances Financial Data Security
Chainlink employs multiple security measures to ensure data integrity and reliability in its new data streams.
Stellar (XLM) Continues to Dominate Cross-Border Payments
Stellar continues to be a key player in cross-border payments, facilitating low-cost, fast remittances and connecting banks and individuals globally as of January 2026.
Coinbase Announces Listing of Elsa ELSA Token
Coinbase has officially announced the listing of the Elsa ELSA token.
Investors Watch Upcoming Global Events
Investors are focused on a busy week of global events that could impact the cryptocurrency market.
LeanHash Emerges as a Safe Haven for Investors
LeanHash emerges as a low-risk alternative for investors seeking passive income through cloud mining amidst market volatility.
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