Coinbase CEO Brian Armstrong is calling on US citizens to email their representatives and urge them to vote "yes" on the Financial Innovation and Technology for the 21 Century Act (FIT21), which could provide regulatory clarity for the crypto industry. The bill, which was voted in favor by lawmakers on July 26 along with the Blockchain Regulatory Certainty Act, aims to provide clarity for crypto firms and differentiate between securities and commodities regulators. Armstrong believes that this vote will protect Americans' digital assets, innovation, and national security. Additionally, the bill has the potential to promote job opportunities in the country, which may encourage US-based crypto companies to stay and employ local talent.
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