A16z Partners: Americans have embraced digital assets, but current regulatory approaches limit innovation and privacy

Web3 supporter and a16z partner Chris Dixon (cdixon.eth) posted on social media that in the next two weeks, the House of Representatives will vote on the most important crypto legislation to date, the 21st Century Financial Innovation and Technology Act (FIT21). We have long called for clear regulation to protect consumers and innovation, and FIT21 will do just that.
Americans have embraced digital assets, but current regulatory approaches often limit innovation and privacy without truly addressing the solutions needed to protect consumers or combat illegal activities. FIT21 will help stamp out scams, ensure oversight of cryptocurrency exchanges, and protect American consumers by imposing strict rules on cryptocurrency trading. FIT21 has bipartisan support because it addresses these issues. I encourage everyone who believes in the power of blockchain technology to support this legislation. The best thing to do is to contact your local representative and tell them to support FIT21.