In the Headlines
May 22, 2024
White House Objects to FIT21 Act
Crypto News
Senior Policy Advisor Scott Mason was quoted in a Crypto News article about the Biden Administration's opposition to the current version of the Financial Innovation and Technology for the 21st Century Act (FIT21), citing concerns over its potential impact on the regulatory framework for digital assets. Despite the administration's stance, the FIT21 Act has garnered bipartisan support and is headed for a vote in the House of Representatives. If passed, it will proceed to the Senate, where the support of major Democrats could be crucial for its advancement.
"Democrat leadership is not whipping against it, so if it gets 50 or 75+ Dems to vote for it, it sends a better signal to the Senate to act," he said.