🚀Sen. Ron Wyden, chairman of the Senate Finance Committee, is optimistic about the future of crypto regulation! Speaking at Consensus 2024, he applauded the House's FIT21 bill, which aims to establish a digital assets market structure.👏

However, he's not so keen on the SEC's crypto accounting standard, SAB 121, calling for a "different standard" for digital asset custody.🤔

Despite the uncertainty, Wyden remains positive, saying the momentum for crypto regulation will continue into next year. He also expressed support for stablecoins and blockchain innovations, such as portable medical records.👍

What do you think about Wyden's views? Is the FIT21 bill the right move for crypto? And what about the SEC's SAB 121? Let's discuss in the comments!💬 #CryptoNews #Blockchain #FIT21 #SAB121