House Majority Whip Tom Emmer (R-MN) is hopeful that the stalled FIT21 crypto bill could be enacted into law before Christmas. Emmer expressed confidence in the growing support for crypto regulations in the US, suggesting that certain provisions of FIT21 might be included in an end-of-year spending bill. The bill aims to create a federal framework for overseeing digital assets, with the involvement of the CFTC and SEC. Despite facing opposition from President Biden and SEC Chair Gensler, FIT21 garnered significant Democratic backing in the House. While the bill has hit a roadblock in the Senate, Emmer believes that its bipartisan appeal could lead to its passage through strategic legislative maneuvers. If not incorporated into the year-end funding bill, Emmer remains optimistic about the bill's prospects in the near future, anticipating progress in the coming year. Read more AI-generated news on: https://app.chaingpt.org/news