Today, the Executive Office of the United States President Joe Biden issued a Statement of Administration Policy on legislation H.R. 4762 – Financial Innovation and Technology Act 21 (FIT 21), which aims to create clear guidelines for digital assets.
JUST IN: 🇺🇸 White House is eager to work with Congress to develop a „balanced regulatory framework for digital assets.” pic.twitter.com/OluzdKkqo6
— Bitcoin Magazine (@BitcoinMagazine) May 22, 2024
„The current regulatory environment in the U.S. has created uncertainty and driven business overseas, stifling innovation and resulting in a loss of jobs and investment,” said The Chamber of Digital Commerce, an American advocacy group that promotes the Bitcoin industry in DC. „The FIT for the 21st Century Act addresses these issues by creating clear guidelines for the classification, trading and regulation of digital assets, ensuring consumer protection.”
With FIT 21 expected to pass the House in a vote today, the Biden ad
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