House Passes Landmark Crypto Regulation Bill
The U.S. House of Representatives approved the Financial Innovation and Technology for the 21st Century Act (FIT21) with a 279-136 vote, marking a significant legislative win for the crypto industry. The bill, which saw strong Democratic support, aims to establish regulations for digital asset markets and designates the Commodity Futures Trading Commission (CFTC) as a key regulator. The bill now moves to the Senate, where its future is uncertain.