#USHouseMarketStructureDraft

The U.S. House of Representatives is actively working to establish a regulatory framework for cryptocurrencies through the Financial Innovation and Technology for the 21st Century Act (FIT21). This bipartisan bill aims to delineate the responsibilities of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) over digital assets, granting the CFTC authority over digital commodities like Bitcoin. While FIT21 has passed the House with support from both parties, it faces criticism from figures like SEC Chair Gary Gensler, who argue it could weaken investor protections by creating regulatory gaps. The bill's future in the Senate remains uncertain, but it sets the stage for ongoing debates on crypto regulation.