Crypto Moment: US House Passes FIT21 Bill, Hong Kong Considers Ether ETF Staking

US House Passes FIT21, Boosting Crypto Regulatory Framework

The US House of Representatives has passed the Financial Innovation and Technology for the 21st Century (FIT21) Act, marking a significant step forward for the regulation of digital assets. With a vote of 279 to 136, the bill received strong bipartisan support and promises to establish clear guidelines for the issuance, trading, and custody of cryptocurrencies. This milestone represents an important step towards mainstreaming crypto into US financial regulation.