🚨🚨Market Structure Bill a Priority for First 100 Days of Legislative Session, Says Rep. French Hill🚨🚨

United States Representative French Hill recently emphasized the urgency of passing a comprehensive crypto market structure bill, calling it a “top priority” for the Republican Party. Speaking on CNBC, Hill revealed that GOP majority leader Steve Scalise plans to introduce this legislation within the first 100 days of the upcoming legislative session.

The FIT21 market structure bill, which gained bipartisan support and passed the House of Representatives in May 2024 with a 278-136 margin, seeks to establish clear regulatory frameworks for digital assets. Hill criticized the Securities and Exchange Commission (SEC) under Gary Gensler for relying on “regulation by enforcement” rather than providing “rules of the road.” He argued that this approach has stifled innovation in Web3 and blockchain technology, creating uncertainty for crypto firms.

Proponents believe that passing a market structure bill could lift regulatory ambiguity, enable the US to embrace digital asset innovation, and prevent companies from moving operations offshore. By fostering a clearer legal environment, the legislation aims to position the US as a leader in blockchain and cryptocurrency development while encouraging technological growth in financial services.

As the legislative session approaches, the crypto industry is closely watching for developments that could shape the future of digital asset regulation in the US.

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