CryptoIntelligence
2024-05-24 18:16:16

Democrats Urged, But Not Forced, to Oppose Pro-Crypto Bills FIT21 and CBDC Act

Democratic Party members of the United States House of Representatives are not mandated to vote against two upcoming pro-crypto bills, though they are strongly advised to do so. A May 20 email from Democratic Party leaders to House members, shared by Politico, indicates the party has not insisted on a “no” vote for the Republican-led Financial Innovation and Technology for the 21st Century (FIT21) Act and the CBDC Anti-Surveillance State Act, known as H.R. 4763 and H.R. 5403, respectively. Both bills are seen as favorable to the crypto industry if passed. FIT21 would clarify the classification process for cryptocurrencies as

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