Politico reporter: The House Democrats will not force Republican members to vote against cryptocurrency-related bills

2024-05-21 09:54:35

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ChainCatcher news, Politico reporter Eleanor Mueller stated on the X platform: "As far as I know, the House Democratic leaders today indicated that they will not force House Republican members to oppose the cryptocurrency bill. The 'urge to vote' email sent to members this morning pointed out that Representatives Maxine Waters and David Scott 'strongly oppose' the bill, but did not urge them to vote 'no'. Waters and Scott also just sent a letter to their colleagues regarding the bill: it links to a fact sheet warning that implementing a 'more lenient regulatory regime' under the Commodity Futures Trading Commission (CFTC) and the existing 'huge loopholes' could lead to some areas having 'no major regulatory body'."

According to the documents shared by Mueller, the aforementioned cryptocurrency bill refers to the "Financial Innovation and Technology for the 21st Century Act" (FIT21), which will be voted on in the U.S. House of Representatives this week.

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U.S. Cryptocurrency Legislation and Policy Trends

The U.S. Congress is reviewing several bills related to cryptocurrency, aimed at clarifying the legal status and regulatory framework of cryptocurrencies. Meanwhile, regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are also actively issuing guidance and regulatory measures to ensure the transparency and legality of the cryptocurrency market. This topic will track these developments.

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