53 sats \ 1 reply \ @freetx 13 Nov \ on: The Fate of BTC Legislation During the 118th Congress Politics_And_Law
Given the sweep, crypto-twitter is advocating that they tear up FIT21 and rewrite to be even more accommodating and pass the revised version.
How likely do you think that would be?
Further, Sen Lummis keeps saying that SBR (Strategic Bitcoin Reserve) may be a Day 1 issue....is that even possible?
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63 sats \ 0 replies \ @Cje95 OP 13 Nov
So with the Day 1 issue I mean yeah Trump could sign an executive order but it legally doesn't have a ton of standing and would be more of a posturing thing.
Crypto-twitter obviously wants to up the anti and there may be some things that are changed but the framework will likely remain the same. The SEC and CFTC will each get X and Y like they do in FIT21. I could see a possible expansion in what would be covered by the CFTC over the SEC for alts like Twitter favorite SOL and possibly something with NFTs being done. Democratic Rep. Torress, who has been a huge ally of Chairman McHenry, has skewered Gensler over this multiple times now.
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