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Let’s cap issues off with our third huge piece of fine information for the week.
Bear in mind on Wednesday morning once we wrote about how “One of the crucial 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 known as the ‘Monetary Innovation and Know-how for the twenty first Century Act’ (aka ‘FIT21’).
The three BIG issues it goals to do are:
Make clear questions round which businesses have the duty to manage varied points of the crypto business
Create client protections for the 52 million Individuals who personal crypto
Give web3 builders trying to launch initiatives 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 to this point and nonetheless must get by way of 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 principle ought to result in extra innovation > which improves the financial system and attracts extra liquidity (cash) to the area.
Who’s up for a working chest bump forward of this lengthy weekend?