Challenges and Debates Surrounding the FIT21 Bill

by Giorgi Kostiuk

2 years ago

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Regulatory and Ethical Challenges for Brevis's Prediction Market

The development of the Brevis attention-based prediction market raises important questions about data privacy and market regulation.

Nguyen Van Longa minute ago

Innovative Data Verification Techniques in Brevis Prediction Market

The Brevis attention-based prediction market will utilize advanced zero-knowledge proofs to ensure data privacy and authenticity from social media platforms.

Rajesh Kumara minute ago

Significant Market Interest in Brevis's New Prediction Market

The announcement of the Brevis attention-based prediction market has generated significant interest across multiple sectors.

Satoshi Nakamuraa minute ago

Brevis Unveils Revolutionary Attention-Based Prediction Market on Monad

Brevis has announced plans to build a cryptographically verifiable, attention-based prediction market on the Monad blockchain in collaboration with Primus and Trendle.

Jesper Sørensena minute ago

Community Concerns Over Refund Issues in Space Protocol

Community concerns regarding the refund process associated with the SPACE token have been raised due to a lack of clear communication and transparency.