PANews reported on May 21 that according to Cointelegraph, Republican members of the U.S. House of Representatives Financial Services Committee announced that the entire House of Representatives will vote on the 21st Century Financial Innovation and Technology Act (FIT21) sometime this week, giving the bill a chance to become law. The legislation will clarify how the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) regulate digital assets, aiming to provide a clear regulatory framework for digital assets and address long-standing market regulation and consumer protection issues.
