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What is fit21 bill đ§Ÿ The Financial Innovation and Technology for the 21st Century (FIT21) Act is a bill introduced in the United States House of Representatives to provide a clear regulatory framework for digital assets, such as cryptocurrencies and other digital currencies. The bill aims to address the regulatory uncertainty and ambiguity that has hindered the growth of the digital asset ecosystem in the US Key Provisions: Clear Regulatory Roles: The bill clarifies the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in regulating digital assets, ensuring that both agencies have a clear understanding of their jurisdictions and responsibilities. Registration Regimes: The bill establishes registration regimes for digital asset developers and customer-serving institutions, such as exchanges, brokers, and dealers, to reduce conflicts of interest and ensure transparency. Disclosure Requirements: Digital asset developers will be required to provide accurate and relevant disclosures, including information about the digital asset projectâs operation, ownership, and structure. Foster Innovation: By providing a clear regulatory framework, the bill will encourage innovation and entrepreneurship in the digital asset space. Enhance Consumer Protection: The billâs disclosure requirements and registration regimes will help protect consumers by ensuring that digital asset developers and customer-serving institutions operate transparently and fairly. Improve Regulatory Clarity: The bill will provide regulatory certainty, allowing digital asset businesses to operate with confidence and reduce the risk of regulatory uncertainty. Position the US as a Leader: The passage of the FIT21 Act will position the United States as a leader in financial and technological innovation, attracting businesses and talent to the country. Current Status: The FIT21 Act has been approved by the House of Representatives and is awaiting consideration by the Senate. If passed, it will be sent to the President for signature into law.#ETHETFS
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đ© #cz_binance will lead the bull đ© stand with cz
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we are only 189 blocks away from #bitcoin halving Happy Halving đđž $BTC $ETH $SOL
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đšBREAKING: Â #Binance plans to return to India by agreeing to pay a $2 million fine. #write2earnđđč #bitcoinhalving $BTC $BNB
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đ© the bitcoin halving is in 2 days đ© let me explain whatâs happening đ© The halving impacts the reward miners receive for creating blocks on the Bitcoin blockchain, which consists of 839,495 blocks of data containing information about Bitcoin movements between addresses. These blocks, created every 8-12 minutes, are produced by miners running algorithms to guess a number from a large pool. The first miner to guess correctly creates the next block and receives a reward. The miner for block 839,999 receives 6.25 bitcoin, but for block 840,000, the reward halves to 3.125 BTC. Halvings occur every 210,000 blocks, with this being the fourth one; the previous ones happened in 2012, 2016, and 2020. This reduction in supply, enforced by nodes running Bitcoin Core worldwide, ensures a fixed supply over time. If the miner producing block 840,000 adds a reward higher than 3.125 bitcoin, the block will be rejected. Happy Halving đđž #write2earnđđč #bitcoinhalvingn #BinanceACGroup $BTC
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