Crypto May Not Get Another Chance In Washington Like This: Rep. Dusty Johnson
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Promote with Leviathan NewsFIT21 passed the House 279-136 in 2024 and then stalled, so Johnson's warning lives in the Senate calendar and the midterm clock. The pressure point is stablecoin rewards: banks want USDC payouts treated like deposit interest, while Coinbase/Circle need usage-based incentives to keep dollar rails onshore instead of bleeding flow to USDT and offshore venues. If this slips again, DeFi keeps shipping through less accountable jurisdictions while U.S. builders get another CFTC/SEC turf-war cycle.
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