House Passes Landmark Crypto Regulation Bill
TL;DR Summary
The U.S. House of Representatives passed the "Financial Innovation and Technology for the 21st Century Act" (FIT21), a bill that classifies cryptocurrency as a commodity and exempts it from securities regulations. Despite opposition from SEC Chair Gary Gensler and the White House, the bill passed with bipartisan support. It now heads to the Senate, where its future is uncertain.
- Crypto regulation bill passed in the House, heads to Senate Quartz
- House votes to make CFTC main crypto regulator, a win for the industry The Washington Post
- Bitcoin Gets FIT: A Pivotal Moment For Digital Assets Forbes
- House passes bill outlining new framework for crypto regulation despite SEC pushback The Hill
- House passes major crypto legislation Axios
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