Biden Does Not Threaten Veto Against House Crypto Market Structure Bill But Opposes Passage

FIT21 bill will see a vote

President Biden will not veto the House crypto market structure bill, but he opposes its passage, according to a source familiar with the matter. The bill, known as the FIT21 bill, would establish a new regulatory framework for digital assets, including cryptocurrencies.

Here's the Full Text of Biden's Executive Order on Cryptocurrency

President Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies. The order directs federal agencies to study the use of cryptocurrencies for illicit activities, the potential impact of cryptocurrencies on the financial system, and the development of a central bank digital currency.