Depending on which political party controls the House and Senate, FIT21 and other crypto-related legislation may not be priorities.
United States citizens are heading to the polls for the last time in the 2024 election cycle to decide which lawmakers will speak for them in the House of Representatives, the Senate, and the Presidency.
With control of both chambers and the White House essentially up for grabs between Democrats and Republicans, the impact on cryptocurrency and blockchain policies, depending on the outcome of the elections, may be felt for years to come.
While Republicans had a slim majority in the House from 2023, the Congress was also among the least productive in US history. However, lawmakers passed the Financial Innovation and Technology for the 21st Century Act (FIT21), the CBDC Anti-Surveillance State Act, and the Financial Technology Protection Act of 2023.
