Odaily Planet Daily News: Patrick McHenry, chairman of the U.S. House Financial Services Committee, said that the most comprehensive U.S. cryptocurrency legislation to pass a congressional committee to date will make new progress, and the entire House will soon vote on whether to approve the bill. Last year, his group passed the 21st Century Financial Innovation and Technology Act (FIT21) in a bipartisan vote, and although the bill was opposed by the committee's senior member, California Democratic Representative Maxine Waters, it still received support from a minority of Democrats. According to McHenry, the bill is becoming the first major digital asset regulatory legislation to pass one of the two houses of Congress, as it has been approved by the House Rules Committee for a vote next month. The bill, which has also been approved by the House Agriculture Committee, is "the result of years of bipartisan efforts to finally provide clarity," said McHenry, who will retire from Congress at the end of this year and will make crypto legislation one of his priorities before leaving office. He said in a statement: "With the vote announced today, Congress will take a historic step to provide a clear regulatory framework for the digital asset market. This legislation will consolidate the United States' leadership in the global financial system for decades to come and strengthen our role as an international innovation center." (CoinDesk)
