🚀 Buckle up, crypto enthusiasts! Congressman French Hill is pushing for a crypto market structure bill, calling it a "top priority" for the GOP. With SEC Chair Gary Gensler out, the US crypto scene is buzzing with optimism. The proposed bill aims to clear the regulatory fog, potentially keeping crypto firms from fleeing overseas.
- The FIT21 Act, though halted, hinted at a framework to classify digital assets under SEC or CFTC based on decentralization.
- President-elect Trump might hand crypto oversight to the CFTC, with pro-crypto Paul Atkins as the new SEC chair.
Stay tuned for a crypto-friendly future!