The US House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) bill with a 278 to 136 majority. This legislation aims to foster innovation in financial services, potentially impacting sectors such as public chains, algorithmic stablecoins, NFTs, and GameFi. The bill's passage marks a significant step towards the integration of blockchain technology into the mainstream financial system. Further details on the bill's provisions and its potential impact on the crypto industry are yet to be disclosed.