Read a newspaper: Today, the US "Crypto Bill FIT21" was passed in the House of Representatives, 278 votes to 136 votes

The FIT21 bill has received bipartisan support in the United States, reflecting Congress's emphasis on establishing a stable and innovative regulatory environment for digital assets. However, the final passage of the bill still needs to be approved by the Senate and signed by the President.

The FIT21 Act, full name "Financial Innovation and Technology Act of the 21st Century", is an important legislation drafted by the United States to provide a clear regulatory framework for digital assets. The following are the main contents and objectives of the bill:

1. Clear roles for regulators:

Commodity Futures Trading Commission (CFTC)

The bill proposes to establish the CFTC as the main regulator of crypto assets, responsible for overseeing crypto commodities and related commodities

Securities and Exchange Commission (SEC)

The bill also clarifies the SEC's regulatory responsibilities for certain digital assets, especially those [assets deemed to be securities]

2. Consumer protection:

The bill contains provisions to protect consumers from the risks of the crypto asset market. These provisions are intended to ensure that consumers' interests can be protected in the event of market volatility or corporate bankruptcy. (The word "consumer" here is quite interesting to me

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3. Promote innovation:

The bill aims to encourage innovation and development in the digital asset market by reducing regulatory uncertainty and providing clear regulatory guidance. This will help the United States remain competitive in the global digital asset market.

4. Market structure adjustment:

The FIT21 Act proposes a series of new registration categories for digital asset intermediaries. These new categories will be incorporated into the existing securities and commodity derivatives legal framework to better meet the needs of the digital asset market

In general, the FIT21 Act aims to stabilize and promote the development of the US digital asset market by providing a clear regulatory framework, strengthening consumer protection, and promoting market innovation.