The recent passage of the Financial Innovation and Technology for the 21st Century Act by the House of Representatives marks a significant milestone for the crypto industry. This strong bipartisan support could be the beginning of a transformative era in digital asset regulation. For years, the crypto sector has pushed for clear and consistent regulatory guidelines. This vote, supported by 71 Democrats and 208 Republicans, brings us closer to achieving that goal. As we approach the November elections, the future of crypto regulation hangs in the balance. Will the current momentum sustain itself post-election?
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With election day just around the corner, I was struck by the Paradigm poll findings on how digital assets like crypto are shaping voter priorities. A surprising 5% of voters identify as single-issue crypto voters—a potentially pivotal group in a close race. This points to the growing influence of digital finance on policy discussions. As crypto ownership rises, this conversation will only deepen. For more insights, check out the October 2024 Public Opinion Poll: https://lnkd.in/eaYJmeqN #Crypto #Election2024 #DigitalAssets #FinancialInnovation
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The U.S. Election & Crypto's Future 🚀 With the U.S. election underway, the crypto world is watching for potential impacts on regulation and innovation. No matter who wins, whether it’s Trump or Kamala! It could mean positive steps for the crypto industry. Here’s to a future where policy and digital assets grow hand in hand!
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⚡️FIT21 Crypto Bill Passes House - What’s Next? The U.S. 🇺🇸 House just passed the Financial Innovation and Technology for the 21st Century Act (FIT21), also known as H.R. 4763. With bipartisan support, the bill now faces a challenging journey in the Senate. Here’s what you need to know. 🧵👇 https://lnkd.in/dp9KnTVb
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Crypto regulation on the horizon! 🌐 Our Weekly Wrap dives into the impact of the U.S. presidential election on the regulatory landscape and what it means for crypto companies. Discover the potential for clearer guidelines and market recovery. Visit our website for all the details. #21Shares #CryptoNews https://lnkd.in/g6vgxsBX
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It’s Election Day, and this year is pivotal for crypto! Our CXO, Chen Arad, was just featured on Bloomberg News, diving into the crucial conversation on crypto innovation and regulation amidst the 2024 U.S. Presidential election. “I think people want to try new things, and sometimes it’s not necessarily the role of the government to ask, ‘Why do they want it?’ One fundamental reason the Senate should care is because it’s about innovation. Crypto is challenging the traditional financial industry, pushing old institutions to think and try differently.” Chen emphasized that this is a nonpartisan issue that requires a thoughtful, balanced approach. The industry has organized itself to advocate for innovation while ensuring safe and compliant markets for all. This conversation reflects Solidus Labs’ ongoing commitment to safe and compliant crypto markets.
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Bloomberg newsletter: Crypto might not be a top policy priority for both US presidential candidates, yet it seems to be an asset class prime to gain regardless of the outcome of the election. Top venture capital investors including Pantera Capital, Dragonfly, Framework Ventures and SkyBridge Capital expect cryptocurrencies to get a boost on the back of potentially clearer regulations, regardless of who wins in November. The US Securities and Exchange Commission under Chair Gary Gensler has viewed most tokens as unregistered securities and has acted against issuers and exchanges including Binance, Coinbase, Ripple and Consensys. Those lawsuits and concerns about further US regulatory crackdowns have been driving projects and investment away from the world’s biggest digital-asset market. That could potentially be changing, thanks to shifting political winds — fueled by tens of millions of dollars in political-action committee spending. Democratic Vice President Kamala Harris and her Republican opponent Donald Trump have both come out to express support for crypto, albeit to differing degrees. https://lnkd.in/gYF6mHfZ
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In today’s Crypto for Advisors newsletter, Paul Veradittakit reviews bitcoin’s price and the optimism around regulations since the U.S. election. Eric Tomaszewski answers questions for advisors in Ask an Expert. #financialadvisors #regulation #cryptopolicy
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As the U.S. election approaches, crypto is center stage! Our Co-founder and CXO, Chen Arad, shared insights on Radio 3 RTHK’s MoneyTalk with Andrew Work, highlighting crypto’s influence on this election. With 1 in 7 likely voters seeing crypto policy as a top issue, the industry’s impact is undeniable. Yet, a lack of clear U.S. regulation continues to challenge growth. Listen to the full episode to hear Chen discuss how this affects the industry and why Solidus Labs remains dedicated to fostering a compliant, secure crypto landscape: https://lnkd.in/gM36DKE2
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CRYPTO AND US ELECTION: FOCUS ON INNOVATION, NOT TALK 👀 The fact that #crypto was barely mentioned in the US Treasury Department’s strategy on financial inclusion highlights the fact that #Kamala Harris apparent acceptance of digital assets is just smoke and mirrors designed to win over crypto voters. Even Donald #Trump will likely come up against strong opposition if he attempts to push through pro-crypto policies. If he’s elected, we will likely see a shift towards a more supportive stance on crypto, but the industry must be prepared that it will be slow and fraught with setbacks... Thanks to Crowdfund Insider for this new opportunity to share my thoughts: https://lnkd.in/e5g6fF-x
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The crypto industry has made significant financial contributions during the 2024 election. Crypto companies accounted for one-third of all direct corporate contributions to super PACs. These funds supported numerous candidates across the political spectrum. This investment may lead to increased influence of the crypto sector in Washington. As policymakers consider regulations, the impact of this spending could be substantial. Read more: https://lnkd.in/gKP3_3tJ
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