#DigitalAssetBill

#DigitalAssetBill refers to legislative efforts to regulate digital assets, including cryptocurrencies, stablecoins, and blockchain-based tokens, with a focus on the U.S. Financial Innovation and Technology for the 21st Century Act (FIT21). Passed by the House in May 2024, FIT21 aims to create a clear regulatory framework by dividing oversight between the SEC (for digital asset securities) and CFTC (for digital commodities), reducing duplicative enforcement and fostering innovation. In 2025, FIT21 gained traction under the Trump administration, with House Financial Services Committee Chairman French Hill planning to refine and present it for Trump’s signature, while Senator Tim Scott targets Senate passage within Trump’s first 100 days. The bill includes enhanced disclosure, registration, and anti-fraud measures. Posts on X note bipartisan support and global alignment, like the UK’s draft crypto legislation, aiming to regulate exchanges and protect consumers by 2025.