The legislation, passed out of committee in July 2023, would clarify how the U.S. Commodity Futures Trading Commission and Securities and Exchange Commission handle crypto.
Republican lawmakers in the United States House Financial Services Committee announced that the House of Representatives will vote on legislation clarifying the roles of financial regulators over digital assets sometime this week.
In a May 20 X post, House Republicans said the full chamber will vote on the Financial Innovation and Technology for the 21st Century (FIT21) Act “this week,” giving the bill a chance to become law. The legislation would clarify how the U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) regulate digital assets.
The legislation has seen little movement since lawmakers passed the FIT21 bill out of the House Financial Services Committee in July 2023. In May, Committee Chair Patrick McHenry said the House Committee on Rules could clear the bill for a vote in the full chamber.
