GOP Lawmaker Believes Stalled Crypto Bill FIT21 Can Still Be Passed This Year

FIT21 passed overwhelmingly at the House, but it remains stalled at Senate. Will it still be delivered this year? (Credit: Jernej Furman/flickr.com)

KEY POINTS

• Emmer said it's possible for FIT21 to be delivered this year if a year-end spending bill comes up
• FIT21 seeks to establish a regulatory framework for digital assets and provide clarity
• The GOP House member also blasted Gensler, whom Emmer said has united the blue and red parties against himself

This year has been significant for cryptocurrency legislation in the United States, with two bills consecutively passed by the House of Representatives, one of them, FIT21, a bill that could finally establish a regulatory framework for the digital assets industry.