The FIT21 bill, which has received bipartisan support and successfully passed the House of Representatives, is now encountering hurdles in the Senate. The legislation aims to define the regulatory roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding digital assets. Joe Biden's administration has raised concerns about potential regulatory gaps within the bill that could impact market stability. SEC Commissioner Hester Pierce commented on Congress' growing interest in cryptocurrency legislation, attributing it to dissatisfaction with the SEC's lack of clarity for crypto firms.
Challenges and Debates Surrounding the FIT21 Bill
by Giorgi Kostiuk
2 years ago
0
Other news
Trump Media Withdraws Registration for Truth Social Bitcoin ETF
Trump Media Technology Group has requested the SEC to withdraw its registration for the Truth Social Bitcoin ETF, marking a strategic pivot to focus on different investment strategies.
Japan Expands Legal Framework for Foreign Stablecoins
Japan's Financial Services Agency (FSA) has announced amendments to recognize certain foreign trust-issued stablecoins as electronic payment instruments, effective June 1, 2026.
Increase in Bitcoin Whale Wallets Amid Price Pullback
The number of Bitcoin wallets holding at least 100 BTC has increased significantly over the past year, indicating a trend among major investors.
Median SOPR for Altcoins Continues to Indicate Losses
The median SOPR for the top 500 digital assets has extended its stay in the underwater region, indicating continued losses for altcoin investors.
Altcoin Investors Have Been Realizing Losses Since Late 2024, Reports Glassnode
Altcoin investors have been realizing losses since late 2024, with the median SOPR remaining below 1, indicating a bearish sentiment in the market.
Analyst Warns of No-Trade Zone for XRP
Crypto analyst Ali Charts warns traders to avoid premature positions in the XRP market until a breakout is confirmed, describing the current setup as a no-trade zone.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter