The Blockchain Affiliation at this time urged Home Speaker Mike Johnson and Minority Chief Hakeem Jeffries to assist H.R.4763, or the Monetary Modern and Expertise for the twenty first Century Act (FIT21).
The Act targets to create a regulatory framework for blockchain and digital property, which has been working with out particular rules.
Supply: Letter
The letter to Home leaders acknowledged that FIT21 is a needed step for placing pro-innovation and pro-consumer insurance policies to protect and on the identical time defend the patron market. This proposed laws seeks to guard US dominance within the blockchain trade.
The affiliation is assured that the invoice passage within the Home will certainly give room for additional debates and refinement of the regulation within the Senate such {that a} ultimate legislation that advantages the trade is reached.
This request from the Blockchain Affiliation for the vote on FIT21 clearly demonstrates the significance for creating beneficial regulation and innovation-friendly insurance policies to maintain the US a frontrunner within the blockchain area.
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