Rob Frasca’s Post

⚡️FIT21 Crypto Bill Passes House - What’s Next? The U.S. 🇺🇸 House just passed the Financial Innovation and Technology for the 21st Century Act (FIT21), also known as H.R. 4763. With bipartisan support, the bill now faces a challenging journey in the Senate. Here’s what you need to know. 🧵👇 https://lnkd.in/dp9KnTVb

A new era for crypto regulation? The House of Representatives has made a significant move by passing the Financial Innovation and Technology for the 21st Century Act. With a strong bipartisan vote, this legislation marks a pivotal moment for the crypto industry. For years, the crypto industry has been advocating for clearer regulations. This month's votes, although largely symbolic, bring us closer to that goal. With 71 Democrats and 208 Republicans supporting the bill, the momentum is undeniable. The bill’s passage could indicate growing political support for crypto, influenced by election dynamics and significant industry lobbying.

Crypto takes centre stage in the 2024 Presidential Election! 🇺🇸 With 83% of crypto voters preferring a candidate with a clear regulatory crypto framework, the race heats up. Biden's regulatory shift, Trump's pro-crypto executive order, and RFK's radical transparency proposals all signal a pivotal moment for the U.S. crypto landscape. Who will lead the U.S. into a crypto-friendly future? Read the blog now. https://ow.ly/bNXG50SABzW

Whew! Congress and Crypto. Today was a big day with the House passage of a new crypto bill. Last week definitely help set the foundation. Who knows what will happen next. For now, let me unpack last week's crypto headline about the Senate vote overturning the SEC's crypto custody rule: SAB121. What's the real story behind the vote? Does it mean Congress loves crypto now? Or does it mean something else? Things we'll unpack are why: - What is SAB121 from the Securities and Exchange Commission, and what does it have to do with crypto? - Why does crypto care about SAB121, and why does anyone else care about SAB121? - SAB121 breathed life into the little known Congressional Review Act. How? - What happens if the President vetoes the bill? What happens if he signs the bill? - How big of a deal is it that Senator Chuck Schumer voted for it (and against the SEC)?

Crypto for Advisors: Crypto and Politics in the U.S. - CoinDesk: The Election Effect and Beyond: What's Driving Crypto Markets? A major influence steering the crypto market today is the presidential election this ...

The #FIT for the 21st Century Act Passed the House! Now we need YOUR voice to get clear crypto regulations through the Senate! The FIT Act is crucial for a healthy digital asset market - providing clear guidelines for how digital assets are classified, traded, and regulated, all while protecting consumers. MAKE YOUR VOICE HEARD - tell your Senator to PASS the FIT bill: (202) 224-3121

The broad question for those looking at crypto comes down to this: Who should own/operate the financial rails for how we transfer value? Before crypto, your only options were 1) The Gov't or 2) Corporations. Now we have a third option: politically neutral software. The right to transact freely should be written into the constitution.

💡The FIT Act is crucial for a healthy digital asset market - providing clear guidelines for how digital assets are classified, traded, and regulated, all while protecting consumers. ✅ Act now by calling your US senator to get attention and support!

U.S. Presidential Candidate Donald Trump will speak at the largest Bitcoin Conference in North America later this week. He has actively made crypto an election issue in this year's presidential election. Regardless of your political opinions, it's clear that our industry is taking center stage and getting the recognition it deserves as an asset class and industry. Let's discuss how this spotlight on crypto impacts our future. Share your thoughts!

👀 I just found out about the addition of David Plouffe, a former advisor to President Obama, Binance, and Alchemy Pay, to the Harris campaign as a senior strategist. The news comes as the grassroots network of crypto advocates “Crypto for Harris” kicked off this week, with support from heavy-weights such as Mark Cuban and Anthony Scaramucci. 🚔 Interestingly, another key advisor for the Harris campaign seems to have a slightly different background when it comes to crypto. Brian Nelson, former U.S. Treasury Department’s undersecretary for terrorism and financial intelligence, brought enforcement actions against Binance. 🤝 There’s clear signs that VP Harris is showing a willingness to engage with the crypto industry, and I think the next three months will be interesting in this respect! As we approach the upcoming elections with Vice President Kamala Harris now as the Democratic candidate, many in the crypto industry are hopeful that we may see a return to crypto being a bipartisan issue.