McHenry, who has been leading the effort on crypto legislation in the House, emphasized the strong bipartisan support for his Financial Innovation and Technology for the 21st Century Act (FIT21) last week. Despite opposition from the White House, over a third of House Democrats voted in favor of the bill, indicating significant momentum. He believes this momentum will continue into the next congressional session in 2025 if necessary, and will also help advance the market-structure bill and the much-anticipated legislation to regulate stablecoin issuers.
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