May 22, 03:53 PM

Biden Administration Opposes FIT 21 Bill Ahead of House Vote, Seeks Balanced Digital Asset Framework

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.

#Biden #White House #Congress #House

Written with ChatGPT (GPT-4o).

Sources

Bitcoin.com News@BTCTN
2 years ago
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
ICO Drops@ICODrops
2 years ago
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
Bitcoin.com News@BTCTN
2 years ago
#WhiteHouse Opposes #Crypto Bill FIT21 — Offers to Work With Congress on Balanced Framework for #DigitalAssets https://t.co/Wf7mOUr2St

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Biden Administration Opposes FIT 21 Bill Ahead of House Vote, Seeks Balanced Digital Asset Framework

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