U.S. Biden Administration Seeks Revisions to FIT 21 Bill for Better Consumer Protection, Says It Won’t Veto
The post U.S. Biden Administration Seeks Revisions to FIT 21 Bill for Better Consumer Protection, Says It Won’t Veto appeared first on Coinpedia Fintech News
The Biden administration has officially stated its opposition to the Financial Innovation Transparency (FIT) 21 bill in its present form, citing significant concerns over the lack of adequate protections for consumers and investors. Despite this opposition, the administration has expressed a willingness to collaborate with Congress to achieve a more balanced and comprehensive regulatory framework for digital assets.
Biden Won’t Veto FIT21The White House has expressed opposition to the passage of the Financial Innovation and Technology for the 21st Century Act by the U.S. House of Representatives, citing inadequate investor protections. However, President Joe Biden has not threatened to veto the bill.
