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Crypto Industry Rallies Behind House Bill as It Heads Toward Final Vote

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Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.

The biggest and most established global event for everything crypto, blockchain and Web3.A wide swath of the crypto industry signed a letter to the top lawmakers in the U.S. House of Represenatives, explaining why they should get behind the Financial Innovation and Technology for the 21st Century Act.

The U.S. House of Representatives is on the verge of a vote that will represent the closest the cryptocurrency industry has ever been toward finally winning regulation in the U.S.

"By passing this legislation, we can accelerate the growth of blockchain technology and digital assets, fostering financial inclusion and protecting national security," according to the letter."It is crucial for the U.S. to maintain its leadership in financial innovation." For that accounting tussle, more than one in five Senate Democrats voted on the industry's side, including Majority Leader Chuck Schumer , and it was about one in 10 Democrats in the House.

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The Crypto Industry’s Influence on U.S. Elections is Bigger Than Ever, Industry Insiders SayCheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
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