U.S. House's McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill
Summary
- U.S. legislation on cryptocurrency regulation will impact Senate support, says Rep. Patrick McHenry. - The House is set to vote on the FIT21 Act, a comprehensive crypto bill. - The outcome of the House vote will influence Senate attention and potential progress. - The bill may face challenges in the Senate, but there's optimism for strong Democratic support. - Overturning the SEC's crypto accounting provision has seen significant Democratic backing. - The bill's potential success aligns with President Biden's call for legislation in this space.
