The U.S. House of Representatives will vote on the FIT21 Act by the end of this weekend
PANews reported on May 21 that, according to Cointelegraph, Republican members of the U.S. House Financial Services Committee announced that the full House will vote on the "21st Century Financial Innovation and Technology Act" (FIT21) sometime this week, giving the bill a chance to become law. This legislation will clarify how the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) regulate digital assets, aiming to provide a clear regulatory framework for digital assets and address long-standing market regulation and consumer protection issues.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Dumped $2.5K Before Recovery: Trump’s Speech Caused Huge volatility
Bitcoin’s price went through severe volatility during the speech of Donald Trump at Bitcoin 2024 in Nashville.
Europol Claims That Bitcoin Remains Top Choice for Criminals
The report indicates that although Bitcoin is still favored by ransomware groups, the use of Monero (XMR) as an alternative is increasing.
Trump says he'll fire SEC Chair Gensler and create strategic bitcoin reserve if elected: Bitcoin 2024
Quick Take Donald Trump, in a keynote address to the Bitcoin 2024 conference in Nashville, promised to fire SEC chair Gary Gensler and stop the US from selling its bitcoin holdings, creating a “strategic bitcoin reserve,” if elected in November. Trump also promised to end “Operation Chokepoint 2.0” and another anti-crypto policies in order to support the domestic digital asset industry. Bitcoin fell in price to about $66,600 during the speech before recovering shortly after to $68,000.
