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ARTICLE · 27 DECEMBER 2024

CryptoLink - November 2024 Updates

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The Senate has yet to take action on the 21st Century Act (FIT21) (H.R.4763) which passed the House by a comfortable margin of 279-136 on May 22, 2024. FIT21 is a proposed landmark piece of legislation.

United StatesTechnology
Peter I. Altman
Peter I. Altman
Ryan Fayhee
Ryan Fayhee
Adam Hilkemann
Adam Hilkemann
Wael Jabsheh
Wael Jabsheh
Lance Jasper
Lance Jasper
Brad M. Kahn
Brad M. Kahn
Jacqueline Yecies
Jacqueline Yecies
Nicholas R. Lombardi
Nicholas R. Lombardi
Kate L. Powers
Kate L. Powers
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The Senate has yet to take action on the 21st Century Act (FIT21) (H.R.4763) which passed the House by a comfortable margin of 279-136 on May 22, 2024. FIT21 is a proposed landmark piece of legislation that would enact a comprehensive regulatory framework for the digital assets industry. Sens. Cynthia Lummis (R-WY) and Kirsten Gillibrand's (D-NY) Lummis-Gillibrand Responsible Financial Innovation Act (S.2281) also awaits consideration in the Senate. Since the election, President-elect Trump has announced key nominations to his cabinet and administration, including Scott Bessent for Secretary of the Treasury, Howard Lutnick for Secretary of Commerce and Paul Atkins, a strong crypto advocate, for SEC Chair. Atkins will replace Gensler, who recently announced his resignation. Atkins is known as a strong backer of cryptocurrencies, and it has been publicly reported that he has expressed reservations about the enforcement actions taken by the Securities and Exchange

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