【US Financial Services Committee Chairman Candidate Andy Barr Promises to Advance FIT21 if Elected】 According to Mars Finance, US Financial Services Committee Chairman candidate Andy Barr has promised to advance the Financial Innovation and Technology Act of the 21st Century: FIT21 if elected. He stated that Congressman Mike McHenry is 'highly respected,' and efforts are still being made to find ways to pass the FIT21 bill during the upcoming lame-duck session (the time between the election day in two weeks and the swearing-in of the new Congress members in January next year).

'I still remain hopeful that at least we can complete FIT,' he said. Legislation on stablecoins will wait until next year, and he emphasized that if FIT21 does not pass in 2024, it will pass in 2025.