Odaily Planet Daily reported that senior Republican members of the House Financial Services Committee and the Agriculture Committee will release a discussion draft before the hearing on May 6, aiming to establish an important regulatory framework for digital assets. The draft is expected to be similar to the "21st Century Financial Innovation and Technology Act" (FIT 21) passed by the House last year, which aims to clarify when digital assets are regulated by the SEC, CFTC, or both. A senior executive at the Blockchain Association stated that the draft is "90% similar to FIT 21," but the Trump family's involvement in the crypto space has "complicated the legislative work." (The Block)