🚀🇺🇸 The U.S. House of Representatives is set to vote on the FIT21 crypto bill, which could reshape the country's digital asset regulatory landscape. The bill aims to grant the U.S. Commodity Futures Trading Commission (CFTC) greater authority over digital assets deemed as commodities, while also defining new jurisdictional lines for the SEC.

However, the bill's journey through the Senate is unclear, and the White House has expressed opposition, although President Biden has not threatened a veto. Supporters argue that the bill is a crucial step forward in regulating the crypto industry, while critics warn it could lead to a regulatory void and undermine existing securities laws.

What do you think? Will this bill bring clarity or chaos to the crypto world? Let's discuss below! 💬 #CryptoNews #FIT21