The U.S. House of Representatives passes the FIT21 cryptocurrency bill

2024-05-23 06:59:06

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ChainCatcher News: The U.S. House of Representatives passed the Financial Innovation and Technology Act of the 21st Century (FIT21) with a vote of 279 to 136. House Democrats showed strong support, and the passage of the cryptocurrency market structure bill marks the industry's most significant legislative achievement in Congress.

The U.S. is lagging behind other jurisdictions globally in developing cryptocurrency regulations. Although the House passed the FIT21 cryptocurrency bill, the implementation of such regulations is far from complete.

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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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