a16z partner: Americans have accepted digital assets, but current regulatory approaches limit innovation and privacy

ChainCatcher news, a16z partner Chris Dixon posted on social media, "In the next two weeks, the House will vote on the most important cryptocurrency legislation to date, the Financial Innovation and Technology for the 21st Century Act (FIT21). We have long called for clear regulations to protect consumers and innovation, and the FIT21 bill will do just that.

Americans have embraced digital assets, but the current regulatory approach often stifles innovation and privacy without truly addressing the solutions needed to protect consumers or combat illegal activities. FIT21 will help eliminate fraud, ensure oversight of cryptocurrency exchanges, and protect American consumers by implementing strict rules on cryptocurrency transactions. FIT21 has bipartisan support because it addresses these issues. I encourage everyone who believes in the power of blockchain technology to support this legislation. The best way to do this is to contact your local representatives and tell them to support FIT21."