What will be interesting to watch, he suggested, will be whether more Democrats show up to support the bill.
McHenry, who is scheduled to retire at the end of this year, has made enacting digital asset legislation a top priority for the end of his term on Capitol Hill. To this end, the House of Representatives has been working on everything from passing several related bills through the McHenry Committee to advancing Congress’ efforts to overturn the Securities and Exchange Commission’s (SEC) crypto accounting policies. , has recorded many recent successes with cryptocurrencies.
But the most important of the House’s digital asset initiatives is the Financial Innovation and Technology for the 21st Century Act (FIT21), which is expected to take a long-awaited vote for final approval in the House in the coming days. It is. This is the most comprehensive US crypto bill to pass Congress thus far, and if approved with a bipartisan vote in the House, it would mark a high watermark for the industry’s efforts in Washington.
