FIT21 Bill Passed by U.S. House of Representatives

Senior Policy Advisor Scott Mason was quoted by Crypto News about the approval of the Financial Innovation and Technology for the 21st Century Act (FIT21) and the significant implications it carries for the cryptocurrency industry. Mr. Mason noted the bill's main goals are to clarify the U.S. Securities and Exchange Commission's (SEC) regulatory roles, improve consumer protections and create a stable environment for digital asset innovation.

He said FIT21 "is definitely an opportunity to give the crypto/blockchain industry confidence that the U.S. is a friendly market... The industry is here to stay, and the U.S. needs to lead, not follow EUR and other countries that are aggressively courting industry investment."

READ: FIT21 Bill Passed by U.S. House of Representatives