Biden Administration Opposes Crypto Bill FIT21. https://static.news.bitcoin.com/wp-content/uploads/2024/05/white-house-fit21.jpg
SEC Chair Gary Gensler has also expressed strong opposition to the FIT21 bill, arguing that it would weaken current consumer protections in the crypto market and create new regulatory gaps . Gensler has raised concerns about the potential impact of the bill on investor protection and the stability of U.S. capital markets