US Republican lawmakers: Senate action on FIT21 bill is more urgent than ever

Outgoing U.S. Republican Congressman Patrick McHenry said in a social media post that the president's veto weakened consumer protections in digital asset markets and upended decades of custodial rules. By rejecting bipartisan consensus in Congress, the administration is doubling down on its failed approach.
The Senate is taking action on the 21st Century Financial Innovation and Technology Act (FIT21) more urgently than ever.