House Republicans Are Protecting Consumers And Fostering Innovation
Washington,
May 22, 2024
Today, House Republicans will bring to the floor H.R.4763, the Financial Innovation and Technology for the 21st Century Act (FIT21), which establishes clear and functional federal requirements over digital asset markets to protect consumers and foster innovation.
Digital assets have the potential to serve as the building blocks of the next generation of internet technology, but regulation-by-enforcement and the lack of a clear regulatory framework is setting the United States back by stifling innovation and leaving consumers unprotected. It is the job of Congress to create a regulatory framework that provides clarity and certainty to the digital asset markets through legislation, NOT unelected bureaucrats. FACTS ABOUT THE FINANCIAL INNOVATION AND TECHNOLOGY FOR THE 21ST CENTURY ACT (Courtesy of the House Committee on Financial Services and the House Committee on Agriculture Republicans): FIT21 will protect consumers by strengthening transparency and accountability with market participants:
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