**Congress Approves FIT21: A Milestone for Crypto Regulation**

The U.S. House of Representatives has passed the Financial Innovation and Technology for the 21st Century Act (FIT21) with a 279-136 vote. This bipartisan bill aims to establish clear regulatory guidelines for the cryptocurrency industry, designating the Commodity Futures Trading Commission (CFTC) as the primary regulator for digital commodities. Despite facing criticism from the White House and SEC Chair Gary Gensler, FIT21 is seen as a significant step toward providing regulatory clarity for the rapidly growing digital asset market. The bill now awaits Senate approval. #FIT21 #CryptoRegulation #CFTC