The US Congress could vote on new crypto legislation by the end of May
2024-05-10 23:55:45
Patrick McHenry, chairperson of the U.S. House Financial Services Committee, said the new legislation will give the cryptocurrency industry more clarity on regulation and could lead to a House vote by the end of May. The proposed legislation, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, aims to provide a clear regulatory framework for digital assets and address long-standing market regulation and consumer protection concerns.
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