The US House has passed a new bill called the Financial Innovation and Technology for the 21st Century Act (FIT21). It's a big step towards clear regulations for the crypto world.
This bill explains which authority will handle what — like the SEC and CFTC — and sets some basic rules for crypto companies to follow. The goal is to protect users while also helping the crypto industry grow in the right direction.
Let’s see how this impacts the global crypto market in the coming days.