Congress Moves Toward Comprehensive Crypto Regulation

Bipartisan support grows as lawmakers aim to establish clear guidelines for the cryptocurrency industry.

The House will vote on the Financial Innovation and Technology for the 21st Century Act (FIT21) to create a regulatory framework for crypto.
The Senate voted to overturn SEC's Staff Accounting Bulletin 121, which imposed strict accounting standards on crypto assets.
President Biden has threatened to veto the repeal of SAB-121 despite bipartisan backing.
The SEC is considering approval of spot ether ETFs, following earlier approval of Bitcoin ETFs.
Consensus 2024 will feature key policymakers discussing the future of crypto regulation.