The U.S. House of Representatives plans to vote on the FIT21 market structure bill next week

2024-05-15 21:36:01

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ChainCatcher News, the U.S. House of Representatives plans to vote next week on a market structure bill called (FIT21), which includes new provisions regarding when cryptocurrencies should be considered securities. The House already has a group of representatives who support cryptocurrencies, and (FIT21) is likely to pass smoothly in the House, but it will face obstacles in the Senate.

The 21st Century Financial Innovation and Technology (FIT21) Act aims to provide a clear regulatory framework for digital assets, addressing long-standing issues of market regulation and consumer protection.

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U.S. Cryptocurrency Legislation and Policy Trends

The U.S. Congress is reviewing several bills related to cryptocurrency, aimed at clarifying the legal status and regulatory framework of cryptocurrencies. Meanwhile, regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are also actively issuing guidance and regulatory measures to ensure the transparency and legality of the cryptocurrency market. This topic will track these developments.

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