On Wednesday, the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) by a vote of 279-136, the furthest a crypto-focused bill has ever gone. 😲🎉
If passed, this law would create a regulatory framework for digital assets and help define whether a particular token is a security or commodity. However, it is said that not everyone thinks that this law will turn out as expected. 🤔
Some say this law is a way for the government to sanction activities that industry is already doing without permission and potentially create an agency to interfere with free and open markets. 🤷♂️
Still, many in the crypto industry feel that this bipartisan vote is symbolically a vote for crypto and perhaps heralds a better future. 🚀
We are waiting your comments! What do you think about this bill? Good or bad?#crypto#FIT21 🗣️