🚀Hold on to your crypto hats, folks! Sen. Ron Wyden, a crypto-friendly Senate Democrat, has hinted that the crypto industry might have to play the waiting game for legislative solutions. But hey, don't lose heart, he's optimistic about the momentum continuing in Washington next year!💪

📜Wyden and his Senate buddies have put a pause on the SEC's crypto accounting standard (SAB 121). They're considering a "different standard" for digital asset custody. So, it's not all doom and gloom, folks!🔍

🏛️The FIT21 bill, which aims to establish a digital assets market structure, has received a thumbs up from a third of the Democrats in the House of Representatives. Now, it's in the Senate's court. Let's see how this plays out!🎾

💼Wyden, who also happens to be a member of the Congressional Internet Caucus, is all for stablecoins and blockchain innovations. He even mentioned the potential for portable medical records. How cool is that?🩺

🗳️And guess what? He thinks crypto is a "great issue for people to run on" in this year's congressional elections. So, let's keep our eyes peeled for more crypto-friendly candidates!👀

🎉There's no denying the growing interest in crypto. As Wyden puts it, it's being driven by "young, creative people." So, let's keep the conversation going in the comments, folks! What are your thoughts on the FIT21 bill and the future of crypto legislation?👇#DeFi #Web3