House passes first Crypto legislation

On Wednesday, the House passed a significant piece of legislation aimed at providing regulatory clarity for the cryptocurrency industry. The Financial Innovation and Technology for the 21st Century Act, or FIT 21, was approved by a vote of 279-136, with 71 Democrats...

House overturns SEC guidance on crypto custody

House lawmakers voted on a resolution Wednesday to overturn  the SEC's crypto accounting policy, Staff Accounting Bulletin No. 121. Biden stated that he would veto the resolution if it were to reach his desk for approval. Twenty-one Democrats voted in favor of the...