⚠️ brian_armstrong calls for voting in favor of FIT21! See what coinbase's CEO explained here -
The rapidly changing digital asset landscape has resulted in a flexing of regulatory muscles between different watchdogs in defining terms and drawing lines of authority. This is especially true in the case of the United States where the SEC and CFTC are engaged in a turf war over regulatory oversight of the space. But this conflict could come to an end soon with the help of FIT21.
Weeks after the historic verdict on the Ripple vs. SEC case, the US is waiting for the approval of the Financial Innovation and Technology for the 21 Century Act , which is being touted as a crucial step in advancing toward the much-needed regulatory clarity.
He urged the American citizens to email their representative to vote ‘Yes’ to it. The exec admitted that the legislation is only the first step in a bigger process but highlighted its importance in achieving the broader goal that the industry has been pinning for. “FIT21 would create much-needed regulatory clarity in the United States for crypto and holds promising outcomes to protect consumers, promote job opportunities, and strengthen national security. However, we cannot achieve this alone – we need your support to ensure the legislative process continues to progress in Congress.”🚨Introducing the Financial Innovation and Technology for the 21st Century Act.
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