Republican members of the U.S. House Financial Services Committee announced that the House will vote sometime this week on legislation clarifying the role of financial regulators with respect to digital assets.

In a May 20 post, U.S. House Republicans said that the full House will vote on the Financial Innovation and Technology for the 21st Century (FIT21) Act "this week," giving the bill a chance to become law. The legislation would clarify how the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) regulate digital assets.

The FIT21 bill has made little progress since lawmakers passed it in the House Financial Services Committee in July 2023. In May, committee chairman Patrick McHenry said the House Rules Committee would likely approve the bill for a full vote in the House.

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