Chris Dixon pfp
Chris Dixon
@cdixon.eth
In the next two weeks, the House of Representatives will vote on the most important piece of crypto legislation to date: FIT21. We’ve long called for regulatory clarity that protects consumers and innovation and the FIT21 Act will do just that.
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Chris Dixon pfp
Chris Dixon
@cdixon.eth
Americans have embraced digital assets, but the current regulatory approach too often limits innovation and privacy without actually addressing the solutions needed to protect consumers or tackle illicit activity.
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Meg pfp
Meg
@meganmichelle.eth
Who wrote the legislation?
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Ben.degen.eth pfp
Ben.degen.eth
@beninem
Looks like it boots the SEC out of a lot of regulating and inserts the CFTC? 👍👍👍
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Spencer Graham 🧢 pfp
Spencer Graham 🧢
@spengrah.eth
whats the best analysis you've seen of how the specific contents of the bill lead to the impact you're describing?
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max.degen.eth ↑🎩 pfp
max.degen.eth ↑🎩
@baseddesigner.eth
Crypto is global, I think, by common sense, US establishing this within it's borders for US citizens will make it worse for everyone and with that US people will have a lag on new crypto innovations happening.
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SuperRareJohn pfp
SuperRareJohn
@superrarejohn
Will be super interesting to see how it plays out
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