US House Votes on Crypto Regulation Bill this Week
CryptoNewsTerminal Staff20 May, 2024
US House Votes on Crypto Regulation Bill this Week
The US House of Representatives is set to vote on the Financial Innovation and Technology Act (FIT21) this week, according to Cointelegraph. The bill aims to provide clearer regulation for the cryptocurrency industry by defining blockchain and cryptocurrency terms in existing financial law and directing the SEC and the CFTC to establish a regulatory framework for cryptocurrency trading platforms. This vote marks a significant step towards establishing a comprehensive regulatory framework for the cryptocurrency industry in the United States. The outcome of the vote will be closely watched by industry stakeholders and investors alike. If the bill is passed, it will provide much-needed clarity and guidance for businesses operating in the cryptocurrency space.
