FIT21 bill gives CFTC more power over crypto than SEC

The FIT21 bill has been passed by the US House. This bill has given the CFTC more authority over crypto than the SEC, which the SEC has not welcomed, yet Gary Gensler is not openly speaking against it.

Although many experts are also not in favour of that bill, the anti-Gary lobby in the cryptoverse is not opposing it. Yet this bill has the support of some very unpopular Democrats, including the infamous Nancy Pelosi, which is raising eyebrows.