Congressman Frank Shilz discusses the passage of the first-ever digital assets legislation in the House of Representatives, known as FIT 21. He highlights the bipartisan support for the bill and emphasizes the need for collaboration with senators to further advance digital assets regulation. Shilz also expresses support for the approval of a Bitcoin ETP by the SEC and discusses former President Trump’s comments on cryptocurrency. He mentions the importance of the private sector leading in payments and the ongoing work on a payment stable coin bill. Shilz acknowledges the potential of blockchain technology to reduce frictional costs in financial services and the economy but does not necessarily view Bitcoin as a store of value. Overall, Shilz stresses the importance of establishing a regulatory framework for digital assets in the United States to ensure innovation and leadership in financial technology.
