America

Biden

Diamond

Chuck

BARRON

<div id="youtube2-rrQ0bdjOgKY" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;rrQ0bdjOgKY&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM">
 <div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/rrQ0bdjOgKY?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe>
 </div>
</div>
<p>In a landmark move, the U.S. House of Representatives has passed the Keep Innovation in America Act, also known as the FIT21 bill. This bipartisan legislation aims to establish a comprehensive regulatory framework for digital assets that are not classified as securities.</p>
<p>The vote saw an impressive 279 in favor and only 136 against, showcasing broad support across party lines. Notably, 71 Democrats crossed the aisle to back the bill, signaling a generational shift in attitudes towards crypto and blockchain innovation among younger lawmakers.</p>
<p>At the heart of the debate was the question of self-custody wallets and allowing everyday investors to participate in early-stage crypto projects. Opponents like Rep. Maxine Waters voiced concerns over diminished investor protections, while proponents argued for fostering innovation and providing equal opportunities.</p>
<p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://pbn3.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://pbn3.substack.com/subscribe?" rel="noopener noreferrer nofollow"><span>Subscribe now</span></a></p>
<p>The path ahead is not without hurdles, as the bill now moves to the Senate. However, key figures like Senate Majority Leader Chuck Schumer have already signaled support for crypto regulation, boosting the legislation's prospects. President Biden has also stated he will not veto the bill if passed.</p>
<p>Beyond establishing rules for the crypto industry, the FIT21 act could have far-reaching implications for the U.S. financial system. It paves the way for greater integration of digital assets into traditional finance, potentially opening up new investment opportunities for both retail and institutional investors.</p>
<p>As the crypto landscape continues to evolve rapidly, this legislative milestone underscores the growing mainstream acceptance of blockchain technology and digital currencies. The world will be watching as the Senate takes up the baton in shaping America's crypto future.</p>
<div>
 <hr>
</div>
<p><strong>This episode is sponsored by <a href="https://bit.ly/TangemPBN" rel="noopener noreferrer nofollow">Tangem</a></strong></p>
<div class="captioned-image-container">
 <figure><a class="image-link image2" target="_blank" href="https://bit.ly/TangemPBN" data-component-name="Image2ToDOM" rel="noopener noreferrer nofollow">
   <div class="image2-inset"><picture>
     <source type="image/webp" srcset="https://substackcdn.com/image/fetch/w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 424w, https://substackcdn.com/image/fetch/w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 848w, https://substackcdn.com/image/fetch/w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 1272w, https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 1456w" sizes="100vw">
     <img src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg" width="1440" height="760" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:760,&quot;width&quot;:1440,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:85628,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://bit.ly/TangemPBN&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 424w, https://substackcdn.com/image/fetch/w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 848w, https://substackcdn.com/image/fetch/w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 1272w, https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 1456w" sizes="100vw" loading="lazy" fetchpriority="high"> 
    </picture>
    <div></div>
   </div></a>
 </figure>
</div>
<blockquote>
 <p><a href="https://bit.ly/TangemPBN" rel="noopener noreferrer nofollow">Tangem</a> is slim as a bank card, secure as a bank vault. Store, buy, earn, transfer and swap thousands of coins and tokens.<br>Use code <strong>PBN</strong> for a discount! <a href="https://bit.ly/TangemPBN" rel="noopener noreferrer nofollow">https://bit.ly/TangemPBN</a></p>
</blockquote>
<div>
 <hr>
</div>
<p>Become a Diamond Circle Member <strong>FREE</strong>! ➜ <a href="https://bit.ly/PBDiamondCircle" rel="noopener noreferrer nofollow">https://bit.ly/PBDiamondCircle</a><br>PBN3 Deals! ➜ <a href="https://www.paulbarronnetwork.com/deals" rel="noopener noreferrer nofollow">https://www.paulbarronnetwork.com/deals</a><br>Subscribe on YouTube ✅ <a href="https://bit.ly/PBNYoutubeSubscribe" rel="noopener noreferrer nofollow">https://bit.ly/PBNYoutubeSubscribe</a><br>X/Twitter 📱 <a href="http://bit.ly/PBNtwitter" rel="noopener noreferrer nofollow">http://bit.ly/PBNtwitter</a><br><br>Looking for the best tax havens for crypto? Free month with iTrust Capital - Use PROMO CODE - PAUL BARRON <a href="https://rebrand.ly/PAULBARRON" rel="noopener noreferrer nofollow">https://rebrand.ly/PAULBARRON</a></p>

Crypto Bill Passes U.S. House With Majority Vote! FIT21 Major Win!!

Paul Barron Network

Other articles published on May 24, 2024

Elon Musk Predicts AI Dominance in Future Jobs

Spot Ether ETFs Receive Official Approval from the SEC

South Korean police arrest 19 in crypto fraud bust

Worldcoin ‘disappointed’ with ban in Hong Kong, says authorities ‘overlooked’ aspects

zkSync’s ZK Token Ticker Sparks Controversy with Polyhedra

OKX Ends Services in Hong Kong, Withdraws License Bid

Join our free newsletter for daily crypto updates!