MIL-OSI USA: Pelosi Statement on FIT21 Legislation

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Source: United States House of Representatives – Congresswoman Nancy Pelosi Representing the 12th District of California

Washington, D.C. – Speaker Emerita Nancy Pelosi released this statement on her decision to vote for H.R. 4763, the Financial Innovation and Technology for the 21st Century Act:

“FIT21 is a first step to establish a regulatory framework for digital assets – and it must be improved by working with the Senate and the Administration.  While building a foundation for responsible innovation, we must take further action to strengthen guardrails for consumers, investors and taxpayers.

“Digital currency is already integrated into our economy and will only grow in significance in the years to come.  Millions of Americans own cryptocurrency.  American companies are the cutting edge of global financial technology.  Many jobs in my Bay Area community are dependent on this industry.

“The digital asset industry needs clearer rules of the road and the federal government needs stronger enforcement authority in order to ensure the responsible development of this emerging technology.”