FIRST MOVER: Rep. French Hill 'Rejects' Gensler's Argument Ahead of FIT21 Vote
CoinDesk Podcast Network
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Bipartisan Support for FIT21 Bill
This chapter explores the growing bipartisan support among Democrats for the FIT21 bill, citing the positive response from President Biden, recent Senate votes, and the need for a regulatory framework for digital assets. It delves into the rejection of Chair Gary Gensler's arguments against FIT21 and highlights the confusion over his opposing stance, emphasizing the bill's aim to provide clarity and regulatory oversight for crypto assets. Additionally, the chapter touches on the funding required by the CFTC to oversee digital commodities and stresses the importance of bipartisan support for innovation in capital markets and technology.
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