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Biden Does Not Threaten Veto Against House Crypto Market Structure Bill, But 'Opposes Passage'

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Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.

The White House is against the U.S. House of Representatives passing a crypto market structure bill, but the president isn't threatening to veto it.Wednesday saying the administration opposed the passage of the Financial Innovation and Technology for the 21st Century Act, citing concerns over a lack of investor protections should it make its way through Congress.

FIT21 would redefine how securities issuers have to comply with existing federal law and Supreme Court precedent, the SEC chair said in his statement.

 

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