Bitcoin

<ul><li>FIT21 Act aims to classify most cryptocurrencies as commodities for regulatory clarity.</li><li>Congressman McHenry urges swift Senate action on FIT21 before elections.</li><li>The House passed FIT21 with strong bipartisan support: 71 Democrats and 208 Republicans.</li></ul>In a recent <a href="https://www.youtube.com/watch?v&#61;kMpz7TjAt4Q" rel="noopener noreferrer nofollow">interview</a> with Bloomberg’s Balance of Power, Congressman Patrick McHenry, the current Chair of the Financial Services Committee, passionately discussed the <a href="https://twitter.com/FinancialCmte/status/1796241908718571926?t&#61;UCD0uZX9LIwVQfkmbj4t0A&amp;s&#61;19" rel="noopener noreferrer nofollow">importance of passing</a> the Financial Innovation and Technology for the 21st Century Act (FIT21) before the impending presidential elections. The bill, which designates most cryptocurrencies as commodities, aims to bring much-needed regulatory clarity to the crypto industry.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/41a633b16bdb4305a19ad68dcaa6d813.png" />Congressman McHenry highlighted the bill&#39;s successful passage in the House with a significant bipartisan majority of 71 Democrats and 208 Republicans supporting it. This wide margin, he argued, should serve as a &#34;wake-up call&#34; for the Senate to act swiftly on the legislation.The Congressman emphasized the necessity of the Senate focusing on policy over politics, especially in an election year, to achieve meaningful legislative outcomes. He stated,<a href="https://cryptotale.org/congressman-urges-quick-senate-action-on-fit21-before-elections/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Congressman Urges Quick Senate Action on FIT21 Before Elections

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