President Biden announced that he will not veto the FIT21 cryptocurrency bill if it passes today.

This means that if the 21st Century Finance and Technology Act, or FIT21, passes Congress today, President Biden said he would not use his filibuster power to block it.

This is a major development for the cryptocurrency industry as the bill aims to establish a comprehensive regulatory framework for digital assets in the United States.

This is seen as something that the United States will appreciate in promoting and managing this market instead of trying to ban it like before.

Credits: Translated by Marica Euell