Nancy Pelosi mulls supporting Republican’s FIT21 crypto bill: Report
The former House Speaker is reportedly considering support for the Republican crypto legislation, breaking from ranking Democrats.
Former United States House of Representatives Speaker Nancy Pelosi is reportedly mulling support for the Republican-led crypto bill, the Financial Innovation and Technology for the 21st Century Act (FIT21).
Pelosi — now Speaker Emerita and no longer in the Democratic Party leadership — may support the bill that could hit the House floor for a vote on May 22, U.S. political magazine The American Prospect reported on May 21, citing sources familiar with Pelosi’s thinking.
FIT21 would clarify how the Commodity Futures Trading Commission and Securities and Exchange Commission would divvy up authority over crypto assets.
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Author: Martin Young
