The Republican leadership of the House Financial Services Committee and the Agriculture Committee will unveil a discussion draft before the hearing on May 6, aimed at establishing an important 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 from what he understands, the draft is about 90% similar to the FIT 21 bill. (The Block)