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International Business Times
International Business Times
Business
Marvie Basilan

House's Bipartisan Support For FIT21 Should Be 'Wakeup Call' To Senate, Says McHenry

Patrick McHenry United States Joe Biden Gary Gensler Bloomberg TV
Senate has yet to vote on FIT21, but the bill's passage at the House last week is deemed a major milestone in the fast-evolving digital assets space. (Credit: Traxer/Unsplash)

KEY POINTS

  • He said the 279-136 passage of FIT21 is a major step "in these divided times"
  • McHenry also said some Senate members were "shocked" with the results of last week's vote
  • SEC Chair Gensler and the Biden government have expressed opposition to the bill

The House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) in an overwhelming 279-136 vote last week, and for House Financial Services Committee Chair Patrick McHenry, R-N.C., the milestone should be a "wake up call" to senators.

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