Push for Legislative Framework on Digital Asset Market Structure

The chapter delves into the efforts to repeal the veto on Saab 121 and the advocacy for Fit 21, a bill aimed at regulating custody in the digital asset industry. There is a focus on bipartisan support, hearings with senators, and plans to push the bill through the legislative process by year-end. The discussions also highlight the potential benefits of stablecoins on public blockchains for remittance flows and raising concerns about their association with illicit activities and the need for transparency.