Standing with the Industry on FIT21

SDF recently joined industry counterparts in signing onto a letter voicing support for the core principles behind the bipartisan Financial Innovation and Technology for the 21st Century Act (FIT21). As this landmark crypto legislation heads for a House floor vote, we see this united front from the industry as a pragmatic step forward.

This bill represents the first major crypto markets legislation to make it to a vote in Congress. That's a significant milestone and shows there is momentum building for establishing reasonable guardrails for this innovative sector.

We commend the CCI for spearheading this industry letter. If ultimately enacted, FIT21 would provide a much-needed legal and regulatory foundation for the U.S. Providing regulatory clarity, boosting consumer protections, and enabling U.S. competitiveness on the global crypto stage are all worthy objectives.

As the legislative process moves forward, we will continue to engage constructively. While FIT21's path remains uncertain, we are proud to stand alongside our industry colleagues in pushing for sound regulation of digital asset markets.