🎉Good news! Republican U.S. Senator Patrick McHenry is putting pressure on the Senate to pass an important crypto regulatory bill, the 21st Century Financial Innovation and Technology Act (FIT21), before the November presidential election. 📜
The bill has received 279 votes in the House of Representatives, including 71 Democrats and 208 Republicans. 👏
The chairman of the House Financial Services Committee, who is about to retire in January next year, told Bloomberg on May 30: "This should be a wake-up call for the Senate. They need to get on with it, focus on policy, and get it done before the election." 🔔
This is undoubtedly a big boon to the blockchain industry. Let us wait and see whether this bill can be passed smoothly and bring new vitality to the cryptocurrency market! 💪🚀