#DigitalAssetBill The U.S. House of Representatives has advanced efforts to establish a clearer regulatory framework for cryptocurrencies. A significant development was the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) in May 2024. This bipartisan bill aims to provide clarity on the roles of the SEC and CFTC in overseeing digital assets, seeking to classify them appropriately as either securities or commodities. More recently, in March 2025, the House also voted to repeal a contested IRS rule concerning reporting requirements for DeFi brokers. These actions signal ongoing legislative momentum in the House to create defined "rules of the road" for the crypto industry, addressing market structure and consumer protection.