U.S. House's Emmer Says Best Hope For Crypto Legislation Is Year-End Session
Summary
The U.S. House-approved Financial Innovation and Technology for the 21st Century Act (FIT21) faces challenges in the Senate, with potential consideration during the lame-duck session. The Senate may seek changes, necessitating a return to the House. Despite opposition from President Biden, FIT21 garnered significant Democratic support. A separate effort to overturn SEC accounting policy also drew Democratic backing. U.S. Rep. Tom Emmer highlighted growing bipartisan support for crypto issues and suggested waning influence of crypto-critical figures. However, caution is advised in navigating these dynamics.
