#DigitalAssetBill USA: FIT21 and Stablecoin Regulation

In May 2024, the U.S. House of Representatives passed the FIT21 Act (Financial Innovation and Technology for the 21st Century Act), which allocates powers between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) regarding digital assets. The document aims to ensure transparency and protect investors, particularly in the area of stablecoins.

Additionally, in March 2025, the Senate Banking Committee approved the GENIUS Act, which pertains to the regulation of stablecoins. The document provides for the vetting of the credibility of stablecoin issuer executives and the prevention of misleading naming practices.