FIRST MOVER: What's Next for FIT21?
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 24 May 2024
⏱️ 8 minutes
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| 0:49.8 | The US House has approved the Fit21 bill with a wave of democratic support. Joining First |
| 0:54.9 | Mover now is CoinDesk's managing editor of policy and regulation, Nick Day. He's going to tell |
| 0:59.8 | us what happened, how long this took, and what could happen next. Nick, always a pleasure. |
| 1:05.7 | Good morning. Okay, so I want to talk about what's happening next because I'm not sure enough people are talking about this. |
| 1:12.6 | This hasn't gone through the full process yet. It has to hit the Senate. Talk to me about what that actually means. |
| 1:21.1 | It means we all go home and go back to bed. There is no Senate version of this bill. This thing does not exist. It does not have a counterpart. |
| 1:33.2 | So, you know, as you mentioned, for a bill to become a law to pull out the old school House Rock has to go to the House, has to go to the Senate, has to be signed by the president. |
| 1:39.2 | It's gone to the House. |
| 1:40.5 | The Senate has not introduced any kind of equivalent or similar bill. |
| 1:44.9 | The closest we have are pieces of legislation from senators Chris and Jillbrand and Cynthia |
| 1:49.7 | Lummis, but those aren't the same. |
| 1:52.7 | And so the best bet that advocates in the House might have for this bill is to try and |
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