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FIT21 Act

Senate Urged to Pass Landmark Crypto Bill After Biden Vetoes Resolution to Overturn SEC Rules

Senate Urged to Pass Landmark Crypto Bill After Biden Vetoes Resolution to Overturn SEC RulesFollowing President Joe Biden’s veto of the resolution to overturn the U.S. Securities and Exchange Commission (SEC)’s controversial crypto rules in SAB 121, U.S. lawmakers in both the Senate and House of Representatives have intensified their efforts to pass the landmark crypto bill, the Financial Innovation and Technology for the 21st Century (FIT21) Act. ‘Senate […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

White House Opposes Crypto Bill FIT21 — Offers to Work With Congress on Balanced Framework for Digital Assets

White House Opposes Crypto Bill FIT21 — Offers to Work With Congress on Balanced Framework for Digital AssetsThe White House has issued a statement opposing the passage of the crypto bill Financial Innovation and Technology for the 21st Century (FIT21) Act ahead of the House vote today. However, the Biden Administration offered to collaborate with Congress to establish a balanced regulatory framework for digital assets. The White House’s statement was preceded by […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

SEC Chair Gensler Opposes Crypto Bill FIT21 Citing Regulatory Loopholes and Increased Risks to Public

SEC Chair Gensler Opposes Crypto Bill FIT21 Citing Regulatory Loopholes and Increased Risks to PublicU.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has strongly opposed the crypto bill Financial Innovation and Technology for the 21st Century (FIT21) Act ahead of the House vote. He stressed that “many players in the crypto industry don’t play by the rules,” leading to “widespread fraud, bankruptcies, failures, and misconduct.” Gensler Strongly Opposes […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House VoteThe House Committee on Rules has decided to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for a floor vote later this month. The legislation sets a path for enhanced regulatory clarity in the U.S. crypto ecosystem, balancing robust consumer protections with the needs of a burgeoning digital […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024