The U.S. House of Representatives will vote on the 21st Century for Financial Innovation and Technology Act (H.R. 4763), commonly referred to as FIT21, by the end of this month. 📜 This bill aims to clarify cryptocurrency regulations and create a clear regulatory framework for digital assets. However, although there are some industry concerns and jurisdictional overlaps, this bill is seen as a vital step towards regulatory clarity. FIT21 aims to specify which digital assets fall as securities under SEC regulation and which fall as commodities under CFTC regulation.