US House of Representatives to vote on (FIT21) market structure bill next week

The full U.S. House of Representatives plans to vote next week on a market structure bill called (FIT21), which includes some new provisions, including regulations on when cryptocurrencies should be considered securities. The House of Representatives already has a group of pro-cryptocurrency representatives, and (FIT21) is likely to pass the House smoothly, but it will face obstacles in the upper chamber. The Financial Innovation and Technology in the 21st Century (FIT21) Act aims to provide a clear regulatory framework for digital assets and address long-standing market supervision and consumer protection issues.