US House Revises Crypto Bill After XRP Ruling; Changes And Market Reactions
The “ Financial Innovation and Technology for the 21st Century Act ” is introduced by US House of Representatives Republicans Glenn Thompson, French Hill, and Dusty Johnson. Others such as pro-crypto Congressmen Patrick McHenry, Tom Emmer, and Warren Davidson are also named as key contributors. The bill introduced today is the latest version that’s signed, has a bill number, and will be marked up next week. advertisement It will provide clarity on the digital asset ecosystem and oversight of the crypto industry. The bill offers both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jurisdiction over the crypto industry in separate areas. Patrick McHenry , Chairman of the House Financial Services Committee, said: “This is a pivotal moment for America’s standing as the global leader in innovation and technology adoption. Not only can digital assets revolutionize our finan...