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FIRST MOVER: Rep. French Hill 'Rejects' Gensler's Argument Ahead of FIT21 Vote
May 23, 2024
Rep. French Hill (R-Ark.), Vice Chairman of the House Financial Services Committee, breaks down the Financial Innovation and Technology for the 21st Century Act. He discusses bipartisan support, the regulatory framework for digital assets, and reactions to SEC Chair Gary Gensler's pushback. The podcast explores the potential approval of a spot ether ETF and the impact on blockchain development.
14:50
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Quick takeaways
- The FIT-21 Act aims to establish a regulatory framework for digital assets, promoting innovation and clarity for investors.
- Congressman French Hill emphasizes bipartisan support for FIT-21 to address regulatory gaps and encourage digital technology innovation.
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