Financial Innovation And Technology For The 21st Century Act - All News And Posts By Crowdfund Insider

US House of Representatives Approves Digital Asset Legislation, the Financial Innovation and Technology for the 21st Century Act (FIT21)

May 22, 2024 @ 7:09 pm By JD Alois |

After an impassioned debate by multiple Democrats criticizing the legislation, the Financial Innovation and Technology for the 21st Century Act (FIT21), HR 4763, has been approved by the US House of Representatives. The final vote showed solid support as 208 Republicans were joined by 71… Read More

The Financial Innovation and Technology for the 21st Century Act (FIT21) Includes Digital Asset Exemption to Raise Up to $75 Million

May 22, 2024 @ 4:32 pm By JD Alois |

The Financial Innovation and Technology for the 21st Century Act (FIT21) incorporates a Digital Asset Exemption that enables issuers to raise up to $75 million. The current language allows participation by both Accredited and Non-Accreditd Investors. For individuals who are not Accredited, there are limitations,… Read More

SEC Chairman Gary Gensler Criticizes the FIT21 Act as Creating Regulatory Gaps

May 22, 2024 @ 12:48 pm By JD Alois |

SEC Chairman Gary Gensler has posted commentary on the Financial Innovation and Technology for the 21st Century (FIT21) Act. First introduced in 2023, the legislation has recently re-emerged, moving forward in the House and a looming floor vote. The legislation aims to clarify the digital… Read More