#DigitalAssetBill House Republicans are expected to release a draft of the Digital Asset Bill by May 6, which could significantly impact cryptocurrency regulation in the US. Here's what's happening¹:

- *Key Players Involved*: Top Republicans on the House Financial Services Committee, including Reps. French Hill and Bryan Steil, alongside their counterparts on the House Agriculture Committee, Reps. Glenn "GT" Thompson and Dusty Johnson.

- *Expected Outcome*: The bill may redefine the regulatory framework for crypto and digital assets, potentially clarifying the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

- *Similarities to Previous Bill*: The draft is expected to resemble the Financial Innovation and Technology for the 21st Century Act (FIT 21), which passed the House last year and aimed to grant more power to the CFTC.

- *Potential Challenges*: Bipartisan support is crucial, but Trump's involvement in crypto could complicate efforts, potentially souring bipartisan votes in the Senate.