2024

United

<ul class="news-points">
 <li><strong>US House passes landmark crypto bill, FIT21, marking industry victory.</strong></li>
 <li><strong>Coinbase co-founder highlights growing influence of young crypto supporters.</strong></li>
 <li><strong>Coinbase CEO Brian Armstrong acknowledges the House’s efforts to bring regulatory clarity to the industry.</strong></li>
</ul>
<p>The U.S. House of Representatives passed the <a href="https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409277" target="_blank" rel="noopener noreferrer nofollow">Financial Innovation and Technology for the 21st Century Act</a>, also known as FIT21, marking a significant victory for the crypto industry in the United States. The Republican-led bill was approved by a vote of 279-136, with notable support from Democrats.</p>
<p>Fred Ehrsam, the co-founder of Coinbase, reacted to the historic development in the US crypto market on X, highlighting the potential of the crypto industry and the influence of its young supporters.</p>
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   <p lang="en" dir="ltr">Crypto will continue to get more powerful due to demographic tailwinds. Ownership is ~30% for ages 18-45 and only 5% over 65. Politicians for/against follows roughly the same trend. As time goes on, today's young supporters grow as a % of global wealth and governance power.</p>— Fred Ehrsam (@FEhrsam) <a href="https://twitter.com/FEhrsam/status/1793386098711986268?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 22, 2024</a>
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<p>According to his assertions, about 30% of crypto ownership lies among citizens aged 18-45. He added …</p>
<p>The post <a href="https://coinedition.com/crypto-industry-scores-major-win-as-u-s-house-passes-fit21-bill/" rel="noopener noreferrer nofollow">Crypto Industry Scores Major Win as U.S. House Passes FIT21 Bill</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Crypto Industry Scores Major Win as U.S. House Passes FIT21 Bill

Coin Edition

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