Blockdaemon: A clear regulatory framework for digital assets in the U.S. by 2025, with the FIT21 bill expected to be signed into law

ChainCatcher news, the latest research report from blockchain infrastructure company Blockdaemon points out that as the 2024 U.S. presidential election approaches, the regulatory landscape for digital assets is expected to make significant progress in 2025. The report indicates that two key regulatory policies are currently in the legislative process: the proposal to repeal SAB 121 and the landmark "21st Century Financial Innovation and Technology Act" (FIT21).

Among them, the FIT21 bill was passed in the House of Representatives in May 2024 with bipartisan support. The core content of the bill includes clearly defining the regulatory boundaries between the SEC and CFTC, establishing standards for identifying the commodity and security attributes of digital assets, and creating a legal framework for financial institutions to conduct digital asset custody services.

Blockdaemon predicts that with strong bipartisan support, the FIT21 bill is expected to pass the Senate in 2025 and ultimately be signed into law, which will enable the U.S. to play a leading role in balancing innovation and consumer risk.