#USHouseMarketStructureDraft

The FIT 21 Act is the latest attempt by Congress to craft a legal framework aimed at providing the necessary regulatory clarity for the purposeful development of the digital asset ecosystem in the United States. The bill, which was approved by the House Financial Services and Agriculture Committees last summer with bipartisan support, is designed to align with the existing regulatory frameworks for the digital asset market and address regulatory gaps. While the bill will likely require further study, its fundamental premise - that outdated regulatory frameworks need a comprehensive update to rationally address digital assets - is the right way forward.