According to ChainCatcher, the U.S. House of Representatives passed the 21st Century Financial Innovation and Technology Act (FIT21) by 279 votes to 136. House Democrats performed strongly, and the passage of the cryptocurrency market structure bill marked the industry’s most important legislative achievement in Congress.
The United States lags behind other jurisdictions around the world in developing cryptocurrency regulation, and despite the passage of the FIT21 cryptocurrency bill by the House of Representatives, implementing such regulation is far from complete.
