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The Blockchain Association is pushing for the House vote on the FIT21 law
The Blockchain Association today urged House Speaker Mike Johnson and Minority Leader Hakeem Jeffries to support HR4763, the Financial Innovative and Technology for the 21st Century Act (FIT21).
The law aims to create a regulatory framework for blockchain and digital assets, which operates without specific regulations.
Source: Letter
The letter to House leaders states that FIT21 is a necessary step to put in place pro-innovation and consumer-friendly policies to simultaneously safeguard and protect the consumer market. This bill aims to protect the United States’ dominant position in the blockchain industry.
The association is confident that the approval of the bill in the House will certainly leave room for further debate and refinement of the legislation in the Senate in order to arrive at a definitive law that benefits the sector.
This call from the Blockchain Association for a vote on FIT21 clearly demonstrates the importance of creating favorable regulation and innovation-friendly policies to keep the United States a leader in the blockchain space.
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