The US House of Representatives voted 279-136 to approve the Financial Innovation and Technology for the 21st Century (FIT21) bill. This was the most significant legislative achievement in the field of cryptocurrencies.

The bill would establish regulation of digital assets, establish consumer protections, and define the role of the Commodity Futures Trading Commission (CFTC) as the primary regulator of digital assets.

US President Joe Biden expressed disagreement with the bill, although he did not veto it. The issue now moves to the US Senate, where its future is unclear.