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In a surprising move, the US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) with a decisive 279 to 136 vote. This bill is a big win for the crypto industry, aiming to create much-needed rules for digital assets in the US. #siamstr

#siamstr

SEC Chair Gary Gensler says he strongly opposes the Financial Innovation and Technology for the 21st Century Act (FIT21), citing major concerns about investor protection and market integrity. President Biden has also signaled opposition but stopped short of threatening a veto.

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