In what is a monumental development for the digital asset sector, the US House of Representatives has passed the FIT21 Crypto Bill. Indeed, the Financial Innovation and Technology for the 21st Century Act represents a massive step forward in the mission for increased regulatory clarity in the United States.
US President Joe Biden had issued a statement on the impending vote taking place today. Specifically, the White House admitted that they do not support the legislation but would not veto the bill if it reached the desk of the President. Yet, the bill has received bipartisan support that will introduce a comprehensive regulatory framework to the growing industry.
