#DigitalAssetBill
The Financial Innovation and Technology for the 21st Century Act (FIT21) is a landmark U.S. legislative effort aimed at establishing a clear regulatory framework for digital assets. Passed by the House of Representatives in May 2024 with bipartisan support, the bill grants the Commodity Futures Trading Commission (CFTC) primary oversight over digital commodities, while the Securities and Exchange Commission (SEC) retains authority over digital asset securities. Key provisions include tailored disclosure requirements, anti-money laundering measures, and a clear distinction between digital assets and legal tender. Despite facing challenges in the Senate and opposition from the Biden administration and SEC Chair Gary Gensler, FIT21 represents a significant step toward comprehensive crypto regulation in the U.S.
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Wikipedia
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MarketWatch
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MarketWatch
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MarketWatch
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Wikipedia
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