U.S. CFTC Commissioner: Implementing the FIT21 cryptocurrency bill may be a long process

ChainCatcher news, according to Cointelegraph, CFTC Commissioner Summer Mersinger stated at the Consensus conference that implementing the Financial Innovation and Technology for the 21st Century Act (FIT21) could be a lengthy process, and coordination among U.S. regulators may take months or even years before the rules take effect. "Rulemaking is a slow process; do you think that once the law is signed and the president signs it, everything is fine? That's just the first step. Therefore, it may take some time to develop the rules."