A bill called the Fintech Improvement Act of 2021 (or FIT21) has passed a vote in the US House of Representatives. This bill is aimed at regulating and developing the financial technology sector, including cryptocurrencies.
The passage of the FIT21 bill through a vote in the lower house of the US Congress is an important step in the process of legislative regulation of cryptocurrencies in the country. This could have a significant impact on the cryptocurrency market and contribute to its further development.
What does it mean?
Passage of the bill through the House of Representatives paves the way for its consideration in the US Senate. If it is approved by the upper house, it will become law and have binding force. If passed, FIT21 is expected to have a positive impact on the development of the cryptocurrency market in the United States by promoting its wider use and regulation.
However, it is important to note that the legislative process in the US can be lengthy and complex, and a final decision on the FIT21 bill has not yet been made. However, the passage of the vote in the House of Representatives is a positive signal for market participants and investors interested in the development of cryptocurrencies.
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