🗣 Senator Tim Scott and his Representative French Hill have both promised to address cryptocurrency legislation
⏺ A stablecoin bill and the Financial Innovation & Technology for the 21st Century Act (FIT21) are set to be passed. The bipartisan deal was nearly broken but hit a few roadblocks.
⏺ Despite his history of being an anti-crypto opponent, Scott is optimistic about the industry's prospects and has begun to initiate discussions about crypto policy.
⏺ Given the tight Republican-Democratic split in the Senate, it is imperative that members of both parties participate in any significant endeavour.
⏺ A stablecoin bill and the Financial Innovation & Technology for the 21st Century Act (FIT21) are set to be passed. The bipartisan deal was nearly broken but hit a few roadblocks.
⏺ Despite his history of being an anti-crypto opponent, Scott is optimistic about the industry's prospects and has begun to initiate discussions about crypto policy.
⏺ Given the tight Republican-Democratic split in the Senate, it is imperative that members of both parties participate in any significant endeavour.