According to Foresight News, Summer Mersinger, a member of the U.S. Commodity Futures Trading Commission (CFTC), said at the Consensus Conference that implementing the 21st Century Financial Innovation and Technology Act (FIT21) may be a long process. It may take months or even years of coordination between U.S. regulators before the rules take effect. Mersinger pointed out that "rulemaking is a slow process. Do you think that once the law is signed and the president signs it, everything will be fine? This is just the first step. So it may take some time to make rules."
