PANews reported on May 23 that the U.S. House of Representatives passed the "21st Century Financial Innovation and Technology Act" (FIT21) with a vote of 279 to 136, according to CoinDesk. Seventy-one Democrats and 208 Republicans voted in favor, while three Republicans and 133 Democrats voted against. The passage of this bill marks the most significant legislative achievement for the crypto industry in Congress. The bill will now be submitted to the Senate for a vote. The FIT21 Act, primarily driven by House Republicans, aims to establish a regulatory framework for the U.S. crypto market, set up consumer protections, designate the Commodity Futures Trading Commission (CFTC) as the primary regulator for digital assets and non-securities spot markets, and more clearly define the standards that classify crypto tokens as securities or commodities.
U.S. House of Representatives Passes Cryptocurrency Bill FIT21
PANews2024/05/22 23:43
Show original
By:PANews
0
0
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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
[Initial Listing] Bitget Will List Datagram (DGRAM) in the Innovation and DePIN Zone
Bitget Announcement•2025/11/16 06:00
Bitget Spot Margin Announcement on Suspension of L3/USDT, ULTI/USDT Margin Trading Services
Bitget Announcement•2025/11/14 10:15
Bitget PoolX is listing Planck (PLANCK): Lock BTC to get PLANCK airdrop
Bitget Announcement•2025/11/14 04:00
Bitget x PLANCK Carnival: Grab a share of 1,880,000 PLANCK!
Bitget Announcement•2025/11/13 09:00
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$93,586.71
-1.85%
Ethereum
ETH
$3,062.29
-3.57%
Tether USDt
USDT
$0.9992
-0.02%
XRP
XRP
$2.19
-2.67%
BNB
BNB
$911.63
-2.02%
Solana
SOL
$135.57
-3.18%
USDC
USDC
$0.9997
+0.01%
TRON
TRX
$0.2911
-0.76%
Dogecoin
DOGE
$0.1552
-4.91%
Cardano
ADA
$0.4777
-5.35%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now