White House Will Not Veto FIT21 Cryptocurrency Bill

According to Odaily, the White House has no plans to issue a 'veto threat' against the FIT21 cryptocurrency bill. This information was revealed on the X platform by @10ktier. Previously, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed on Wednesday that the 'Financial Innovation and Technology Act of the 21st Century' (FIT 21) could harm investor interests and hinder the work of the SEC. The House of Representatives is expected to vote on the bill later on Wednesday.