Skip to main content
Tags: michael zuccarelli | newsmax | crypto | bill

Crypto Expert to Newsmax: FIT21 Bill Provides 'Clarity'

By    |   Friday, 24 May 2024 05:43 PM EDT

Cryptocurrency expert Michael Zuccarelli welcomed the House bill known as FIT21 that passed earlier this week, telling Newsmax that the legislation provides crypto clarity that the industry has been craving.

Zuccarelli, who hosts the "Hawk Crypto Mining" show on YouTube, joined "Greg Kelly Reports" on Thursday night to talk broadly about cryptocurrency as well as the Financial Innovation and Technology for the 21st Century Act that passed in the House on Wednesday, 279-136.

FIT21 classifies cryptocurrencies as a commodity, limits the role of the SEC and promotes innovation.

"This is amazing because we want common-sense framework when it comes to bitcoin and all other cryptocurrencies," Zuccarelli told Kelly. "What's labeled a commodity versus a security because honestly, the SEC is just playing this bullying tactic where they're going after projects, they're going after exchanges, and they're losing half the time in court because they're just bullying them into submission. We need common-sense framework. This bill will help lead the way.

"I mean, pure example is Coinbase, one of the largest exchanges in the world, which had to sue the SEC just for clarity on what to do. How do we regulate this? Finally, we got on the right track. We are going to get the clarity that we need," Zuccarelli said.

About NEWSMAX TV:

NEWSMAX is the fastest-growing cable news channel in America!

  • Find Newsmax channel in your home via cable and satellite systems – More Info Here
  • Watch Newsmax+ on your home TV app or smartphone and watch it anywhere! Try it for FREE -- See More Here: NewsmaxPlus.com

Mark Swanson

Mark Swanson, a Newsmax writer and editor, has nearly three decades of experience covering news, culture and politics.

© 2025 Newsmax. All rights reserved.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.

Newsmax-Tv
Cryptocurrency expert Michael Zuccarelli welcomed the House bill known as FIT21 that passed earlier this week, telling Newsmax that the legislation provides crypto clarity that the industry has been craving.
michael zuccarelli, newsmax, crypto, bill
262
2024-43-24
Friday, 24 May 2024 05:43 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved