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The bill includes a provision that would codify Republicans' and the banking industry's complaints with a Securities and Exchange Commission measure that banks say would bar them from custodying crypto assets.
The FIT21 bill passed the U.S. House of Representatives in a 279 to 136 vote on May 22 after much speculation.
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On May 10, 2024, Representative Patrick McHenry, Chairman of the House Financial Services Committee for the United States Congress, stated that the United States House of Representatives...
Representative Patrick McHenry has accused SEC Chairman Gary Gensler of misleading Congress. This accusation emerged during a Financial Committee hearing on…