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The statement suggested that President Biden would not consider a veto of the FIT21 bill if passed, which he said he would do with H.J.Res. 109, a joint resolution Biden Won’t Veto FIT21. The White House has expressed opposition to the passage of the Financial Innovation and Technology for the 21st Century Act by the U.S. The White House is against the U.S. House of Representatives passing a crypto market structure bill, but the president isn't threatening to veto it, in a positive sign for U.S President Joe Biden’s administration has put out a statement of administration policy today. In the document, the Biden administration says it opposes the The US House passes FIT21 bill, setting crypto regulatory framework. The vote saw bipartisan support, with 279 for and 136 against. Next, the bill moves to the Senate The FIT21 bill, which aims to protect crypto customers, passed the US House but faces an uncertain Senate path. According to latest reports, President Joe Biden President Joe Biden has said that although he doesn’t support the bill he would not veto it if it were to be passed by the Senate. The Financial Innovation and

Will Biden Veto FIT21? Uncertainties Surround Crypto Bill's Future

The US House passes FIT21 bill, setting a crypto regulatory framework with bipartisan support (279 for, 136 against). The vote marks a significant step, but the FIT21 bill, which aims to protect crypto customers, now faces an uncertain Senate path. Next, the bill moves to the Senate.

U.S President Joe Biden’s administration has put out a statement of administration policy today. The White House is against the U.S. House of Representatives passing a crypto market structure bill. The White House has expressed opposition to the passage of the Financial Innovation and Technology for the 21st Century Act by the U.S.

Biden Won’t Veto FIT21 (Potentially): A Shift in Stance?

A glimmer of hope emerges for crypto enthusiasts: the president isn't threatening to veto it, in a positive sign. According to latest reports, President Joe Biden President Joe Biden has said that although he doesn’t support the bill he would not veto it if it were to be passed by the Senate. The statement suggested that President Biden would not consider a veto of the FIT21 bill if passed, which he said he would do with H.J.Res. 109, a joint resolution.

In the document, the Biden administration says it opposes the The Financial Innovation and Technology for the 21st Century Act (FIT21). However, the apparent willingness to refrain from a veto suggests a nuanced approach, potentially acknowledging the bipartisan support and the need for a defined crypto regulatory landscape. The future of FIT21, however, remains in the balance as it heads to the Senate.

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