📢 Breaking news! The United States House of Representatives has voted in favor of the FIT21 Act (H.R.4763), which seeks to clarify the regulation of digital assets. With 279 votes in favor and 136 against, the law defines the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the field of digital assets. 🚀

However, Rep. Maxine Waters opposed the legislation, arguing that it could lead cryptocurrencies into a "regulatory no man's land." The H.R. law still needs to be discussed and voted on. 5403, which would prohibit the Federal Reserve from issuing a digital dollar through intermediaries.

This advance in crypto legislation comes in an election year in the US, with digital assets on the minds of many voters. What do you think of these regulatory movements? Share your thoughts in the comments! 💭