#DigitalAssetBill The U.S. House has passed the Financial Innovation and Technology for the 21st Century Act (FIT21), a landmark bill that establishes a clear regulatory framework for digital assets. FIT21 delineates oversight responsibilities between the SEC and CFTC, aiming to provide regulatory clarity and robust consumer protections. It introduces categories like “restricted digital assets” and “digital commodities” based on decentralization and functionality. The bill also mandates registration for digital asset intermediaries and includes provisions for stablecoins. While facing challenges in the Senate, FIT21 marks a significant step toward comprehensive digital asset regulation in the U.S. #DigitalAssetBill #CryptoRegulation #FIT21