CoinVoice recently learned that Matrixport released a new report saying that the US political circles are turning to support cryptocurrencies. It said that Trump held an election fundraiser in Florida on May 8, and then positioned himself as a future US president who supports cryptocurrencies. Trump's fundraising event for NFT investors came on the same day that the US House of Representatives passed a resolution opposing the SEC's cryptocurrency accounting policy, which prevents banks from serving cryptocurrency customers.
Pre-election polls on May 12 showed Trump leading in five of the six swing states. On May 22, the U.S. House of Representatives approved a broad bill to establish a regulatory framework for the digital asset market. The Financial Innovation and Technology for the 21st Century Act (FIT21) marks the first time that a major cryptocurrency bill has passed a single chamber of Congress.
Although Biden has until May 28 to veto Accounting Bulletin No. 121, the White House said on May 22 that Biden would not veto the House's decision. [Original link]
