Rep. Mike Flood, U.S. Representative for Nebraska's 1st District | Rep. Mike Flood Official Headshot
Rep. Mike Flood, U.S. Representative for Nebraska's 1st District | Rep. Mike Flood Official Headshot
LINCOLN, NEBRASKA — U.S. Congressman Mike Flood issued a statement following the passage of H.R. 4763, the Financial Innovation and Technology (FIT) for the 21st Century Act, also known as FIT21.
“FIT21 delivers a digital asset framework that provides meaningful regulatory clarity, fosters innovation, and protects American investors. Since FTX’s collapse in 2022, there’s been broad awareness of the need for investor protection rules to prevent this from ever happening again. Under the framework adopted today, FTX would not have been able to register or cause the massive harm they did to American investors. Thank you to Chairman McHenry and Chairman Thompson for their work in assembling a broad bipartisan coalition of support for this important legislation, and I urge my colleagues in the Senate to take it up quickly so that we can protect investors and grow our digital financial future.”
Click here to watch Rep. Flood’s comments during debate.
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