a16z partner: Americans have accepted digital assets, but current regulatory approaches limit innovation and privacy
Web3 supporter and a16z partner Chris Dixon (cdixon.eth) posted on social media that in the next two weeks, the House of Representatives will vote on the most important crypto legislation to date, the "21st Century Financial Innovation and Technology Act" (FIT21). We have long called for clear regulation to protect consumers and innovation, and the FIT21 bill will achieve this.
Americans have already accepted digital assets, but current regulatory methods often limit innovation and privacy without providing real solutions to protect consumers or combat illegal activities. FIT21 will help eliminate fraud, ensure supervision of cryptocurrency exchanges, and protect American consumers by implementing strict rules for cryptocurrency transactions. FIT21 has bipartisan support because it addresses these issues. I encourage everyone who believes in the power of Blockchain technology to support this legislation. The best way is to contact your local representative and tell them to support FIT21.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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