According to Punchbowl’s report, the White House launched a project called FIT21. cryptocurrency will not threaten to veto the bill.
The cryptocurrency bill will be voted on in the US House of Representatives today.
In the statement made by the White House, Financial Innovation and Technology for the 21st Century Act (FIT21) He said he opposed passing it through Congress in its current form, citing concerns about a lack of investor protection.
However, even if it passes as it is, he will not veto it.
Although the White House opposes the FIT21 bill, it has expressed willingness to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets.
“The Administration is eager to work with Congress to provide a comprehensive and balanced regulatory framework for digital assets, building on existing authorities that will promote responsible development of digital assets and payment innovations and help strengthen U.S. leadership in the global financial system.
However, we believe that the bill in its current form lacks adequate protection for consumers and investors engaged in certain digital asset transactions.”
SEC Chairman Gary Gensler He said he was against this bill.
*This is not investment advice.
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