2024-05-22 20:00:57

U.S. House Democrats Push for Support on Crypto Bill Amid Divided Views

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Several U.S. House Democrats are rallying for backing on the FIT21 bill that seeks to revamp cryptocurrency regulations, promote consumer safeguards, and tackle illicit finance. Despite bipartisan backing in the House, uncertainties loom over the bill's future in the Senate.

Amidst divided opinions, the White House and SEC Chair challenge the bill, citing concerns over consumer and investor protections, while some Democrats, including Nancy Pelosi, mull over supporting the Republican-led legislation. SEC Chair Gensler criticizes the FIT21 bill, warning that it could weaken oversight on crypto and capital markets, although the White House has decided not to veto the bill, signaling potential collaboration with Congress on a robust regulatory framework for digital assets.

CoinDesk
21. Mai 2024 um 19:36

Several U.S. House Democrats Petition Colleagues to Join Yes Side on Crypto Bill

Politics
Finance
Cryptocurrencies & blockchain
Several U.S. House Democrats are urging their colleagues to vote in favor of the Financial Innovation and Technology for the 21st Century Act (FIT21), a comprehensive cryptocurrency legislation scheduled for a vote in the House. The bill aims to establish a clear regulatory framework for digital assets, consumer protections, and measures to combat illicit finance. While there is bipartisan support in the House, the bill's fate in the Senate remains uncertain.
CoinDesk
22. Mai 2024 um 18:19

U.S. House Set to Vote for First Standalone Crypto Market Structure Bill

Finance
Cryptocurrencies & blockchain
The U.S. House of Representatives is set to vote on the FIT21 bill, which aims to reshape the country's digital asset regulatory landscape. The bill, sponsored by members of the House Financial Services and House Agriculture Committees, grants the U.S. Commodity Futures Trading Commission (CFTC) greater authority over digital assets and creates new jurisdictional lines for the Securities and Exchange Commission (SEC). While the bill is expected to pass in the House, its path through the Senate..
Cointelegraph.com News
22. Mai 2024 um 15:06

White House and SEC chair oppose FIT21 bill ahead of House vote

Politics
Finance
The White House and SEC Chair oppose the FIT21 bill, a crypto-focused legislation set for a House vote. President Joe Biden and SEC Chair Gensler claim the bill lacks sufficient protections for consumers and investors in digital asset transactions. They are eager to work with Congress for an alternative regulatory framework for cryptocurrencies.
Cointelegraph.com News
22. Mai 2024 um 04:48

Nancy Pelosi mulls supporting Republican’s FIT21 crypto bill: Report

Politics
Cryptocurrencies & blockchain
Finance
Former House Speaker Nancy Pelosi is reportedly considering support for the Republican-led crypto bill FIT21, which aims to clarify regulatory authority over crypto assets and change the Howey test. This move would go against fellow Democrats Maxine Waters and David Scott, who oppose the bill.
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