The Financial Innovation and Technology for the 21st Century Act (FIT21) aimed to establish a federal framework for cryptocurrency regulation, but now, with Republicans taking control of the White House, Senate, and possibly the House, it seems the crypto lobby will push for even more favorable legislation.
The change in political control has shifted the goalposts for what the industry might be able to accomplish in terms of market-related legislation. However, with the crypto lobby having more influence than ever, infighting among different industry factions could potentially derail an opportunity to dictate the future of the American crypto economy.
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