FIT21, Regulation Changes of Digital Assets, Passes House

Rep. Patrick McHenry

Changes for regulation of the cryptocurrency industry passed in the U.S. House of Representatives on Wednesday afternoon in legislation opposed by the White House.

Lawmakers voted 279-136, moving the Financial Innovation and Technology for the 21st Century Act – known colloquially as FIT21 – forward. Seventy-one Democrats were among those in favor.

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Jordan Not Moving to Third Round in House Speaker Race, Supporting McHenry as Temporary Speaker

GOP Rep. Jim Jordan decided Thursday to not move forward with his bid to become the next House speaker and instead supported a proposal to elevate fellow Republican Congressman Patrick McHenry from his post as speaker pro tem to unelected speaker for a temporary period of time.

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