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

Other news
Vanguard's $505 Million Acquisition of MSTR Shares Signals Growing Interest in Bitcoin

Vanguard's MidCap Index Fund has acquired 291 million shares of Strategy MSTR for $505 million, reflecting growing interest in Bitcoin.

NXPC Token Reactor Item Fusion System Relaunched

The Reactor Item Fusion system for NXPC tokens has been relaunched on January 15, 2026, in the MapleStory Universe after a brief suspension due to technical challenges.

BNB Chain Shows Robust Network Performance Metrics.

BNB Chain has released its weekly data snapshot showing strong user engagement with 2,485,950 daily active users on BSC and 1,805,364 on opBNB, totaling $438 billion in trading volume.

Bitget Broadens Tokenized Conventional Assets on BNB Chain.

Bitget launched 98 tokenized US stocks and ETFs on BNB Chain, allowing users to trade traditional assets alongside cryptocurrencies.

BNB Chain Launches Super Instructions to Improve Performance.

BNB Chain developers announced the launch of Super Instructions on BNB Smart Chain to enhance execution efficiency.

WB Checks Revolutionizes Cryptocurrency Transfers for Businesses

WB Checks introduces a revolutionary service for businesses to simplify cryptocurrency transfers, allowing clients to receive funds without account registration.

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