The Financial Innovation and Technology for the 21st Century Act (FIT21) marks a significant regulatory development for the cryptocurrency industry in the United States. This quest explores the key aspects and implications of FIT21 for crypto compliance.
Q1: FIT21 distinguishes between digital assets considered as securities, commodities, and other forms of digital property.
A1: TRUE
Q2: What is one of the key goals of FIT21 for the U.S. blockchain and cryptocurrency sectors?
A2: To foster innovation and growth
