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.

ChainCatcher News, the U.S. House Agriculture Committee has passed the "21st Century Financial Innovation and Technology Act." This act will establish a federal regulatory framework for cryptocurrency in the United States. After several hours of debate and voting on amendments, the House Agriculture Committee passed the bill by a voice vote and submitted it to the full House of Representatives. Lawmakers debated several amendments to the bill, including provisions regarding customer information disclosure and asset management protection.