US House Approves a Crypto Bill
In a vote of 279 to 136, the majority of United States House of Representatives members voted in favor of legislation that aims to provide regulatory clarity for digital assets.
The bill, known as H.R.4763 or the Financial Innovation and Technology for the 21st Century (FIT21) Act, seeks to establish the roles of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) in regulating digital assets.
A total of 279 representatives, including 71 Democrats and 208 Republicans, voted in favor of the bill.
Representative Patrick McHenry noted the current regulatory framework is hindering the growth of digital assets and stated that both the SEC and CFTC are in a disagreement over their jurisdiction over these assets.
