crrdlx on Nostr: US House passed the FIT21 bill yesterday. The Republican-Democrat split is there, but ...

US House passed the FIT21 bill yesterday. The Republican-Democrat split is there, but it the Republican-pro and Democrat-con dichotomy seems murkier. Appears to be getting to the point where Democrats are either (a) not wanting to be labeled as anti-bitcoin (or anti-crypto), thus they're going along, (b) they like the "crypto must be regulated" thesis of the bill and are baiting the hook for big fish, or (c) realizing the costs of scaring away innovation and the potential upsides.

Scoreboard on the vote: Republicans: 208 yes, 3 no. Democrats: 71 yes, 133 no.
Source: https://www.coindesk.com/policy/2024/05/22/us-house-approves-crypto-fit21-bill-with-wave-of-democratic-support/ #bitcoin