SEC Chair Gary Gensler says he strongly opposes the economic creativity and Technology for the 21st Century Act (FIT21), citing major concerns about investor protection and industry integrity. President Biden has also signaled opposition but stopped short of threatening a veto.
00:00 Intro
00:23 Sponsor: Tangem
01:01 Gary Gensler Against FIT21
02:05 Gary Alone?
02:35 Maxine Intro
03:11 French Hill intro
04:45 FTX Argument
07:00 Maxine loses “Consumer Protection” argument
08:28 Maxine “Come 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 Floor
14:42 Biden will not veto
15:26 Outro
#FIT21 #Crypto #Bitcoin
~FIT21 Crypto Bill Debate🔥 U.S. House Vote Incoming!!🚨~
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