The U.S. House of Representatives will hold a full vote on the crypto market structure bill FIT21

Patrick McHenry, chairman of the U.S. House Financial Services Committee, said the most comprehensive U.S. cryptocurrency legislation to pass a congressional committee to date will make new progress, and the full House will soon vote on whether to approve the bill. Last year, his panel passed the 21st Century Financial Innovation and Technology Act, or FIT21, in a bipartisan vote, with minority Democratic support despite opposition from the committee's senior member, Rep. Maxine Waters, D-Calif. According to McHenry, the bill is on track to become the first major digital asset regulatory legislation to pass one of the two chambers of Congress, as it has been approved by the House Rules Committee for a vote next month. The bill, which was also approved by the House Agriculture Committee, is "the culmination of years of bipartisan efforts to finally provide clarity," said McHenry, who will retire from Congress at the end of the year and has made crypto legislation one of his priorities before leaving office. "With today's vote announced, Congress will take a historic step to provide a clear regulatory framework for digital asset markets," he said in a statement. "This legislation will solidify America's leadership in the global financial system for decades to come and strengthen our role as an international innovation hub." (CoinDesk)