#DigitalAssetBill update (May 2, 2025)

🔥 FIT 21 is back! House Republicans are reviving the crypto regulatory bill ahead of a May 6 hearing 🗣️. Goals? Clear SEC/CFTC roles, stablecoin rules, and market oversight. Bipartisan urgency is real—stablecoin laws could drop by August 🏛️.

💡 SEC vs. CFTC truce: New bills like the Securities Clarity Act aim to end the “security vs. commodity” war. Tokens could escape SEC scrutiny post-decentralization 🛑. SEC’s easing up on Coinbase/Gemini, while CFTC’s new crypto-friendly chair eyes oversight of BTC/ETH 🌐.

🚨 Trump’s crypto push: White House axed Biden-era policies, banned CBDCs, and launched a Digital Asset Working Group to streamline rules by July 🚀. Plus, Senator Lummis wants a national BTC stockpile from seized assets 💰.

🌍 Global ripple effect: Australia’s drafting its own crypto laws, while EU’s MiCA rules pressure the U.S. to keep pace. Meme coins? Thriving (but scams like Profit Connect’s $577M fraud remind us to DYOR 🕵️♂️).

TL;DR: Crypto regulation is heating up 🔥. Clarity for stablecoins, SEC/CFTC peace talks, and Trump’s pro-crypto moves could shape the next bull run. Stay tuned for the May 6 drama! 🍿

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