butterscotch is the only media outlet exclusively covering news about inclusion in Web3, DeFi, crypto. CHEWS is our inaugural, weekly newsfeed, providing timely policy updates, industry trends, market research.
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71 House Democrats Vote For Passage of Financial Innovation and Technology for the 21st Century Act (HR 4763)
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DEMS FOR THE "FIT21" WIN... |
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Congresswoman Maxine Waters, top Democrat on the House Financial Services Committee, delivered floor statement to oppose HR 4763. Watch video.
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| White House Tempers Approach |
The Biden White House issued a Statement of Administration Policy, which noted, "The Administration is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets." There was no veto threat.
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Blockchain Association sent a letter supporting the bill to Minority Leader Hakeem Jeffries, which was signed by member companies.
[Photo Credit: Allison Bailey/Middle East Images/AFP/Getty Images]
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Former Speaker Nancy Pelosi broke with fellow California Delegation Members, Reps. Maxine Waters and Brad Sherman, who oppose the bill.
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Opposition From Key Groups
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The AFL-CIO, Americans for Financial Reform, Revolving Door Project, National Consumer Law Center and over 30 others sent a letter to Speaker Mike Johnson and Minority Leader Hakeem Jeffries urging them to vote against the bill.
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DEAR COLLEAGUE IN SUPPORT OF BILL |
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Eight House Democrats Sought Bill Support |
"As Democrats, we feel this is a crucial opportunity to regulate the digital asset markets...This should not be a partisan issue," according to the Dear Colleague from Reps. Wiley Nickel (NC), Yadira Caraveo (CO), Jim Himes (CT), Jasmine Crockett (TX), Ritchie Torres (NY), Darren Soto (FL), Josh Gottheimer (NJ) and Don Davis (NC).
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Our new talk show is hosted by Ritzy P and Cleve Mesidor
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butterscotch is a digital news studio broadcasting stories about Black, Latino, Indigenous DeFi retail investors, Web3 consumers, founders, executives, officials. The virtual newsroom - featuring eNews, Podcast, Live Events – seeks to deepen mainstream understanding of diverse segments of the emerging $2 trillion crypto industry.
Cleve Mesidor, CEO & Managing Editor, butterscotch Media
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