There is a wide support from crypto industry for Financial Innovation and Technology for the 21st Century Act (FIT21)
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Coinbase CEO Brian Armstrong described the bill’s passage — along with getting 71 Democrats onside — as “a total victory” and a win for “clear crypto rules.”
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For too long, the regulatory landscape for digital assets in the United States has been an untenable. FIT21 represents a notable step in the right direction, Blockchain Association CEO Kristin Smith writes.
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The passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) by the U.S. House of Representatives is a major milestone for the digital asset industry. As head of the Blockchain Association, the leading trade group representing this sector, I’m heartened to see such strong bipartisan support for attempting to codify clear rules that aim to enable responsible innovation while protecting consumers.
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