The Republican Party of the U.S. House of Representatives will release a draft digital asset bill before May 6.

WuSaidBlockchainW · 2025-05-02T01:06:22+00:00

The U.S. House of Representatives will release a regulatory draft for digital assets, which is expected to be similar to the "21st Century Financial Innovation and Technology Act" passed last year. The draft will be released by senior Republicans from the Financial Services Committee and the Agriculture Committee before the hearing on May 6. According to the senior director of the Blockchain Association, the draft is approximately 90% similar to the FIT 21 Act.

WuSaidBlockchainW

2025-05-02 01:06:22

Abstract generation in progress

The Republican leadership of the House Financial Services Committee and the Agriculture Committee will release a discussion draft prior to the hearing on May 6, aiming to establish a significant regulatory framework for digital assets. The draft is expected to be similar to the “Financial Innovation and Technology for the 21st Century Act” (FIT 21) passed by the House last year, which aims to clarify when digital assets are regulated by the SEC, CFTC, or both. Ron Hammond, a senior director at the Blockchain Association, stated that he has not yet seen the specific version of the discussion draft, but to his knowledge, the draft is about 90% similar to the FIT 21 bill. (The Block)

RON6,56%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes