The House of Representatives has approved a bill containing far-reaching regulations for digital asset markets. Democrats achieved their biggest-ever U.S. policy victory by 279 votes to 136.
The Financial Innovation and Technology for the 21st Century Act (FIT21) will now head to the US Senate, but its future is uncertain as there is no equivalent bill. It is not yet clear whether the bill will be supported.
The US has lagged behind other global jurisdictions on crypto regulation, and despite this win, there is still some time before such oversight is implemented.
Despite opposition from the White House, Democratic Rep. Josh Gottheimer, D-N.J., and Rep. Maxine Waters, the ranking Democrat on the House Financial Services Committee, defended the bill, saying, "We need rules," and called it "well-reasoned, thoughtful, bipartisan legislation." . Before the vote, they stated that the bill "is suitable for becoming law if we work together."
71 Democrats and 208 Republicans voted in favor of the bill, while 3 Republicans and 133 Democrats voted against it.
President Joe Biden opposed the bill, which he said attempted to undermine Congress' effort to set crypto accounting policy for the Securities and Exchange Commission (SEC), but did not say he would veto it. SEC Chairman Gary Gensler also strongly opposed the bill, saying it was not necessary and jeopardized existing securities regulations.
The legislation, driven largely by House Republicans, would create a framework for regulating U.S. crypto markets, establishing consumer protections and positioning the Commodity Futures Trading Commission (CFTC) as the leading regulator of digital assets. It will also more clearly define whether cryptocurrencies are securities or commodities.
Waters argued that the bill was against crypto businesses evading securities laws.
Waters stated that these companies “make billions of dollars by illegally issuing or facilitating the trading of crypto securities,” and added, “Republicans are proposing to officially reward these illegal activities by legalizing them.”
FOR THE GIFT OF 10 DOLLARS, PLEASE READ CAREFULLY.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
