The bill called FIT21, prepared to regulate crypto assets in the USA, was accepted by majority vote in the US House of Representatives.
While the bill approves the Commodity Futures Trading Commission for oversight of decentralized crypto assets, the SEC and the Biden Administration are said to have concerns about the bill. SEC Chairman Gary Gensler has concerns that the bill lacks protection for investors.
The bill, which has the support of both Democrats and Republicans in the House of Representatives, is expected to create a clear regulatory framework for crypto assets. Patrick McHenry, Chairman of the House Financial Services Committee, said in his statement about the bill that he believes that in this way, the USA will reinforce its global leadership in technological innovation and adoption.
