๐จ FIT21 IS BACK IN PLAY ๐๐ฅ
Senator Thom Tillis, who previously slowed things down, has reversed course ๐ณ
๐ Heโs now pushing for hearings on the bill as early as May
๐ฅ WHAT CHANGED:
๐ฐ Banks got concessions on stablecoin yields
๐ The biggest roadblock is basically gone
๐ Hearings could start mid-May
โณ The Senate has ~11 weeks to pass the bill
โ ๏ธ RISKS STILL REMAIN:
1๏ธโฃ Ethics clause (pressure on Donald Trump)
2๏ธโฃ DeFi jurisdiction concerns from Chuck Grassley
๐ MARKET IMPACT:
๐ฅ Real momentum after months of delays
๐ One of the most important crypto bills in years
May could get very hot ๐ฅ