Nancy Pelosi Votes For Landmark Crypto Bill, Defies Longtime Adviser And Current SEC Commissioner Who Gave Thumbs Down For Bitcoin ETF
Portfolio Pulse from Aniket Verma
Nancy Pelosi voted in favor of the Financial Innovation and Technology for the 21st Century Act (FIT21), a landmark bill establishing a regulatory framework for the cryptocurrency industry. This move goes against the stance of her former financial adviser and current SEC Commissioner Jaime Lizárraga, who has typically opposed crypto regulations and Bitcoin ETFs.
May 23, 2024 | 9:26 am
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POSITIVE IMPACT
The passage of the FIT21 bill, supported by Nancy Pelosi, establishes a clearer regulatory framework for the cryptocurrency industry, which could positively impact Bitcoin prices in the short term.
The FIT21 bill provides a clearer regulatory framework for the cryptocurrency industry, which is likely to boost investor confidence and positively impact Bitcoin prices. Pelosi's support adds significant political weight to the bill.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100