House Passes Landmark Crypto Regulation Bill
TL;DR Summary
SEC Chair Gary Gensler insists existing laws are sufficient to regulate the crypto industry, opposing the White House and other agencies' push for new legislation like the Financial Innovation and Technology for the 21st Century Act (FIT21). While Gensler argues that the crypto industry's issues stem from non-compliance with current laws, other regulators and lawmakers believe new rules are necessary to address gaps in oversight, particularly in the crypto spot markets.
- SEC's Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation? CoinDesk
- House votes to make CFTC main crypto regulator, a win for the industry The Washington Post
- U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support CoinDesk
- The House prepares for a historic crypto vote as the political tides shift Fortune
- Momentum builds for ‘most significant’ digital asset law in U.S. history MarketWatch
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