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Let’s cap issues off with our third huge piece of excellent information for the week.
Bear in mind on Wednesday morning after we wrote about how “Some of the necessary payments for crypto (ever) is about to be voted on” (that was actually the title of the piece)?
Properly, that vote occurred.
And the invoice was handed.
As a recap, the invoice was referred to as the ‘Financial Innovation and Technology for the 21st Century Act’ (aka ‘FIT21’).
The three BIG issues it goals to do are:
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Make clear questions round which companies have the accountability to control numerous features of the crypto trade
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Create shopper protections for the 52 million Individuals who personal crypto
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Give web3 builders trying to launch tasks within the U.S. clear guidelines to play by.
Once more, just like the CBDC invoice from the earlier article, the FIT21 invoice has solely handed the Home up to now and nonetheless must get via the Senate.
However heck, issues are wanting promising.
And if/when this invoice passes the Senate, we’ll lastly have some clear guidelines to play by > which in idea ought to result in extra innovation > which improves the financial system and attracts extra liquidity (cash) to the area.
Who’s up for a operating chest bump forward of this lengthy weekend?