SEC Chair Gary Gensler says he strongly opposes the Monetary Innovation and Know-how for the twenty first Century Act (FIT21), citing main considerations about investor safety and market integrity. President Biden has additionally signaled opposition however stopped wanting threatening a veto.
00:00 Intro
00:23 Sponsor: Tangem
01:01 Gary Gensler Towards FIT21
02:05 Gary Alone?
02:35 Maxine Intro
03:11 French Hill intro
04:45 FTX Argument
07:00 Maxine loses “Shopper Safety” argument
08:28 Maxine “Are available in and register” argument
10:54 Memecoin Frenzy Incoming
12:17 Stablecoins vs CBDC (Maxine unknowingly defends crypto)
13:41 Zero-knowledge proofs
14:19 Senate Flooring
14:42 Biden is not going to veto
15:26 Outro
#FIT21 #Crypto #Bitcoin
~FIT21 Crypto Invoice Debate🔥 U.S. Home Vote Incoming!!🚨~
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