The US House Financial Services Committee, led by Chairman French Hill, is anticipated to release a draft cryptocurrency regulation before the May 6th hearing. This hearing, titled 'America's Innovation and the Future of Cryptocurrency: A 21st Century Blueprint,' signals a significant step towards comprehensive crypto legislation. Industry sources suggest the draft will resemble the 21st Century Financial Innovation and Technology Act (FIT21), previously passed by the House. This indicates a continued focus on establishing a clear market structure for digital assets. Key figures involved include House Financial Services Committee Digital Assets Subcommittee Chairman Bryan Steil and House Agriculture Committee Chairman Glenn Thompson. Their collaboration suggests a bi-partisan effort to address the complexities of cryptocurrency regulation. The hearing is scheduled for 10 AM ET on May 6th. This regulatory push aims to provide clarity and foster innovation within the burgeoning crypto industry in the United States. ```