The House Committee on Rules announced on Friday that it would consider reviewing the Financial Innovation and Technology for the 21st Century Act (FIT21) to provide better regulations for digital assets.
The House Committee on Rules publicly announced intentions to address digital asset regulatory issues. Financial Innovation and Technology for the 21st Century Act would be reviewed to better address the state of digital assets. Billionaire Mark Cuban says that crypto is the way to win the votes of younger and independent Americans.
FIT21 straightforwardly and concisely outlines federal regulations on digital asset markets. It offers strong consumer safeguards and regulatory clarity required for the US digital asset ecosystem to prosper. Read more:Donald Trump’s pro-crypto endorsement helped meme coins pump this week Patrick McHenry, House Financial Services Chairman, stated in an X post, FIT21 will cement American leadership of the global financial system and bolster our role as an international hub for innovation.
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