Several Democratic members of the U.S. House of Representatives petitioned colleagues to support cryptocurrency legislation
Media reports indicate that the U.S. House of Representatives will vote on the Financial Innovation and Technology Act (FIT21) on Wednesday, which is expected to receive bipartisan support. Eight Democratic lawmakers, including Wiley Nickel, Yadira Caraveo, Jim Himes, Jasmine Crockett, Ritchie Torres, Darren Soto, Josh Gottheimer and Don Davis are pushing their colleagues to support this bill as they believe it presents a significant opportunity to regulate the digital asset market. FIT21 aims to establish a clear regulatory framework for digital assets in the United States covering consumer protection issues, disclosure requirements and use of cryptocurrencies in illicit finance. This is the first comprehensive cryptocurrency legislation up for final vote in Congress.
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