The#FIT21bill was passed by the U.S. House of Representatives with a ratio of 279 to 136, with 71 Democrats voting in favor. The biggest impact of this number on the Biden administration is that if it still insists on its past hostile attitude towards cryptocurrencies, even people from its own party will turn against it. We will see various situations that will accelerate the bull market of cryptocurrencies before November:
1. Biden and Trump camps compete to introduce various policies or promises to please the cryptocurrency circle
2. More policies supporting the development of cryptocurrencies are introduced to accelerate the innovation and development of the U.S. cryptocurrency industry and attract more cryptocurrency teams to return to the United States
3. European countries and even the mysterious Eastern powers follow suit to introduce cryptocurrency-friendly policies
4. After the Ethereum ETF is passed, other token ETFs begin to enter the topic
5. Traditional financial product funds (such as pension funds) accelerate the entry into Bitcoin Ethereum ETF