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#fit21 — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #fit21, aggregated by home.social.

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  1. Good explainer from #TheAtlantic about the coming end to all financial regulation in the US via #crypto.

    > "If #Congress passes #FIT21 it would invent a novel asset class called 'digital commodities' - in essence, any financial asset managed on a blockchain. Digital commodities would be exempted from #SEC oversight. In the FIT21 bill any firm or person can self-certify a financial product as a digital commodity. The SEC would have only 60 days to object. This is a loophole big enough to fit an investment bank through"

    > "Wall St is talking up "tokenization" meaning putting assets on a digital ledger. The putative justification is capital efficiency. [The real] justification is regulatory arbitrage: Investments on a blockchain would move out of the SEC’s purview & be subject to fewer disclosure, reporting, consumer protection, [#moneylaundering etc. rules]"

    archive.ph/iD2vy#selection-111

    #uspol #Uspolitics #Trump #finance #banks #markets #corruption #cryptocurrency #economics #CFTC #finreg

  2. Trump Win Could Propel Crypto Market Structure Legislation Forward: Bitwise Exec - A Donald Trump win this presidential election could advance the long-stalled crypto mark... - cryptonews.com/news/donald-tru #donaldtrump #uselection #fit21 #news

  3. FIT21 Bill Seen As Solution to US Crypto Exodus Concerns, Paving Way for Thriving Market - The Financial Innovation and Technology for the 21st Century Act’s (FIT21) approval on We... - cryptonews.com/exclusives/fit2 #cryptoregulation #features #fit21 #news

  4. Congressmen Urge SEC Chair Gary Gensler To Approve Spot ETH ETP - A group of bipartisan House representatives urged the US Securities and Exchange Commissi... - cryptonews.com/news/spot-eth-e #ethereumnews #spotethetf #fit21

  5. US House Bucks SEC Warnings, Passes Pro-Crypto Legislation FIT21 with Strong Support - The US House on Wednesday voted in favor of crypto-friendly legislation (FIT21) that woul... - cryptonews.com/news/us-house-p #blockchainnews #fit21 #news #cftc

  6. FIT21 crypto bill passes US House: Here’s what could happen next - The crypto-regulating bill is headed to a cloudy future in the Senate wi... - cointelegraph.com/news/crypto- #cryptolaw #senate #house #fit21 #cftc #sec #us

  7. House Passes Landmark Crypto Bill Marking ‘Historic Day’ for Americans - The U.S. House of Representatives has approved the Financial Innovation and Techno... - news.bitcoin.com/house-passes- #u.s.houseofrepresentatives #financialinnovation #regulatoryframework #presidentjoebiden #cryptocurrency #garygensler #regulation #crypto #fit21 #sec

  8. Biden Administration Announces Opposition To FIT21 - President Joe Biden’s administration will oppose the passage of Financial Innovati... - cryptonews.com/news/joe-biden- #blockchainnews #joebiden #sab121 #fit21

  9. SEC Chair Gary Gensler Slams FIT2I, Cites “Immeasurable Risk” To Investors - United States Securities and Exchange Commission (SEC) Chair Gary Gensler released a stat... - cryptonews.com/news/gary-gensl #cryptoregulation #blockchainnews #gensler #fit21

  10. Nancy Pelosi mulls supporting Republican’s FIT21 crypto bill: Report - Former House Speaker is reportedly considering support for the Republica... - cointelegraph.com/news/nancy-p #cryptoregulation #nancypelosi #democrats #election #fit21 #sec

  11. Former Treasury Official Graham Steele Gets Pushback On FIT21 Take After DIFA Petition Criticism - Former U.S. Treasury official Graham Steele is receiving backlash after he took to... - cryptonews.com/news/graham-ste #cryptoregulation #blockchainnews #u.s.treasury #fit21

  12. Democratic House Leadership Will Not Whip FIT21 Despite Strong Opposition: Politico - Representatives Maxine Waters (D-CA) and David Scott (D-GA) are refraining from whipping ... - cryptonews.com/news/democratic #blockchainnews #fit21 #cftc #sec

  13. House Democrats won’t be forced to vote against two pro-crypto bills - A leaked email shows Democratic Party leaders “strongly oppose” two Repu... - cointelegraph.com/news/house-d #cryptobills #republicans #cryptolaws #democrat #fit21 #gop

  14. Blockchain Association Sends Letter To Reps. Mike Johnson And Hakeem Jeffries Urging FIT21 House Vote - The Blockchain Association urged a full House floor vote of the Financial Innovation and ... - cryptonews.com/news/blockchain #blockchainnews #regulation #fit21 #sec