BTCC
/
BTCC Square
/
CryptotimesIO
/
FIT21 Crypto Bill Gains Momentum—McHenry Predicts Democrat Backing Soon
FIT21 Crypto Bill Gains Momentum—McHenry Predicts Democrat Backing Soon
9
2
Washington’s crypto cold war may be thawing. House Financial Services Chair Patrick McHenry claims bipartisan support for the FIT21 bill is growing—with more Democrats expected to jump aboard the regulatory framework train.
Why it matters: The bill could finally give crypto exchanges legal clarity instead of playing whack-a-mole with SEC lawsuits. Of course, politicians love frameworks almost as much as they love fundraising from industries they’re ’regulating.’
Behind the scenes: McHenry’s confidence suggests backroom deals are already cut. Watch for last-minute amendments watering down consumer protections—Wall Street always gets its pound of flesh.
By:
