News with the tag "FIT21 crypto bill"

Representative Patrick McHenry, Chairman of the House Financial Services Committee, has made a strong case for overturning President Biden’s veto of a resolution that aimed to block the Securities and Exchange Commission’s Staff Accounting Bulletin No. 121 (SAB 121). Rep McHenry Calls for Overturn o...

US lawmaker Ro Khanna has called on the White House to support the Financial Innovation and Technology for the 21st Century (FIT21) bill to shape the blockchain industry. This comes after criticisms followed Joe Biden’s action to veto the Securities and Exchange Commission’s (SEC) Staff Accounting B...

As another week draws to a close in the cryptocurrency sphere, the market has been a hotbed of attention-grabbing developments. The long-awaited spot Ethereum ETFs received the green light from the U.S. SEC (Securities and Exchange Commission), and the first major crypto bill, FIT21, also cleared th...

The iconic approval of eight Spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC) marks a massive milestone in the evolution of crypto investment products. The decision, driven by various factors, reflects a nuanced approach to regulation and market dynamics. Here are the top five...

Crypto is gaining momentum among U.S. lawmakers. Senator Cynthia Lummis stated: “We are building a pro-crypto army in Congress.” This declaration came shortly after the House of Representatives passed the landmark Financial Innovation and Technology for the 21st Century Act (FIT21) crypto bill, desp...

The cryptocurrency industry has witnessed a monumental development, following a vote to pass the Financial Innovation and Technology for the 21st Century Act (FIT21) Crypto bill. However, United States Congressman Brad Sherman has voiced concerns regarding the proposed bill, which aims to establish ...

The crypto industry has witnessed a big win in the US after the clearance of the FIT21 Crypto Bill. The House of Representatives has officially passed the FIT21 bill with a majority of voters in favor. This is the first time the regulators have stepped in to comply with the needs of the crypto indus...

Amid the strong and growing optimism surrounding the approval of the spot Ethereum ETF, the ball has started rolling demanding similar products for other altcoins like Solana. Market analysts have been stating that the approval of the spot Ethereum ETF can lead to a snowball effect. Chorus for Spot ...