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The Biden administration has expressed opposition to passing the FIT 21 bill in its current form, citing insufficient protection for consumers and investors engaged in digital asset transactions. Despite this opposition, the White House has stated its eagerness to work with Congress to develop a comprehensive and balanced regulatory framework for digital assets. Notably, there is no mention of a veto threat. The administration's statement comes ahead of a House vote on the bill today.
The #WhiteHouse has issued a statement opposing the passage of the #crypto bill FIT21 Act ahead of the House vote today. https://t.co/Wf7mOUr2St
The White House says it opposes passage of FIT 21 in its current form but also says it’s eager to work with Congress to “ensure a comprehensive and balanced regulatory framework for digital assets.” https://t.co/EUC57hoHsp https://t.co/rciOlWTmCX
#WhiteHouse Opposes #Crypto Bill FIT21 — Offers to Work With Congress on Balanced Framework for #DigitalAssets https://t.co/Wf7mOUr2St
