🚀The Financial Innovation and Technology for the 21st Century Act (FIT21) could be a long journey, says Summer Mersinger, CFTC Commissioner, at the 2024 Consensus event. The bill, clarifying regulatory responsibilities for digital assets, has passed the House and is now Senate-bound.🏛️ But don't pop the champagne yet! 🍾 Rulemaking is a "slow, slow process," warns Mersinger. Even after the President signs it into law, drafting regulations and public comment periods could take months or years. 😴 So, what are your thoughts on this regulatory marathon? Comment below!👇