U.S. House Passes FIT21 Bill: Huge Win for Crypto and Web3 Gaming!
Hold on to your hats, folks! The U.S. House just passed the FIT21 bill, and it's a game-changer for crypto regulation and Web3 gaming. With a whopping 279-136 vote and strong bipartisan support, this bill is set to revolutionize the digital asset landscape. The FIT21 bill gives the CFTC authority over digital assets classified as commodities and the SEC control over securities, clearing up previous ambiguities. Industry leaders are calling it a defining moment for the crypto sector. Sheila Warren, Aron Beierschmitt, and David Hoppe all agree that this bill will foster growth and innovation, especially for Web3 gaming companies. Regulatory clarity means blockchain startups might stay in the U.S. and thrive. Now, the bill heads to the Senate and President Biden. Stay tuned for more updates on this pivotal moment in crypto regulation!
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