It seems that the whole network is fomo today that the two parties in the U.S. House of Representatives jointly passed the FIT21 bill.

But many people seem to have ignored this news. At the same time as the House of Representatives passed FIT21, the U.S. White House Executive Office issued an announcement that it would strongly recommend crypto regulatory measures with Congress, but would not pass the current FIT21 bill.

The reason given is that the bill lacks adequate protection measures for consumers and investors involved in certain digital asset transactions.

Many people say that the House of Representatives has passed the FIT21 bill, but what you don’t know is that a bill is finally passed, it needs to be passed by the House of Representatives, then voted on by the Senate, and finally decided by the White House.

Unless the bill receives an overwhelming vote, it will not change Biden’s views. The so-called overwhelming vote is that the Senate passes it unanimously, and then holds a hearing, which is the necessary process for the bill.

The reason why Biden said he would not pass it is that he is confident that the bill will basically not be passed unanimously in the Senate.

Don’t panic when things happen, don’t FOMO.

The H.R.4763 bill in the picture is FIT21.

#美众议院通过FIT21法案 #BTC $BTC