Biden Does Not Threaten Veto Against House Crypto Market Structure Bill But Opposes Passage
The FIT21 bill will see a vote.
President Biden will not veto the House crypto market structure bill, but he opposes its passage, according to a report from Bloomberg. The bill, known as the Financial Innovation and Technology Act of 2021 (FIT21), would create a new regulatory framework for digital assets and establish a self-regulatory organization (SRO) to oversee the industry.
Here's the Full Text of Biden's Executive Order on Cryptocurrency
President Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies. The order directs federal agencies to study the potential impact of cryptocurrencies on the financial system, national security, and the environment. It also calls for the development of a regulatory framework for digital assets.
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