The US House of Representatives' passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) is a major milestone for the digital asset industry. I'm pleased to see strong bipartisan support for enacting clear rules aimed at promoting responsible innovation while protecting consumers.👏🇺🇸

For a long time, the regulatory landscape for digital assets in the US has been an unsustainable, muddled state. Different federal agencies have asserted conflicting authorities, causing confusion and uncertainty in the marketplace. This has increased the risk of the United States falling behind other regions such as the European Union.

FIT21 represents a significant step in the right direction. It recognizes the fundamental promise of crypto and blockchain technology and seeks to foster innovation while protecting consumers. This legislative approach is exactly what our industry advocates for.👍

As FIT21 advances to the Senate, the Blockchain Association and our members will continue to advocate for smart policies that foster responsible innovation and, most importantly, protect consumers. What do you think about this? We are waiting for your comments!👇