#TradeWarEases US regarding trade policies or legislation that might impact the trade war dynamics. However, without specific context about the trade war you're referring to, I'll provide an update on a significant legislative development related to digital assets, which might be of interest.

The US House of Representatives recently passed the Financial Innovation and Technology for the 21st Century Act (FIT21), a bill aimed at establishing a regulatory framework for digital assets. This legislation clarifies the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over digital assets. The bill passed with bipartisan support, receiving 279 votes in favor and 136 against.

*Key Provisions of FIT21:*

- *Digital Asset Classification*: The bill creates three categories of digital assets:

- *Restricted Digital Assets*: Subject to SEC jurisdiction

- *Digital Commodities*: Subject to CFTC jurisdiction

- *Permitted Payment Stablecoins*: Subject to either SEC or CFTC jurisdiction, depending on the transaction

- *Regulatory Clarity*: The bill aims to provide clarity on the regulatory responsibilities of the SEC and CFTC over digital asset products and transactions

- *Consumer Protection*: The legislation includes provisions for consumer protection, such as anti-fraud protections and disclosure requirements

The bill's passage marks an important step towards achieving regulatory clarity for digital assets in the United States. However, its future in the Senate remains uncertain, with President Joe Biden expressing concerns about the legislation's potential impact on consumer protection ¹ ².$BTC