PANews reported on May 22 that Brendan Pedersen, a writer for Punchbowl News, stated that the White House will not issue a veto threat against the "FIT for the 21st Century Act," which aims to comprehensively reform the crypto market structure and will be voted on today. Although the White House expressed some "concerns" about the bill, the lack of a veto threat is a significant victory for crypto supporters on Capitol Hill.

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