The passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act by the US House of Representatives is an important step for the digital asset industry. The bill aims to establish clear rules to promote responsible innovation and consumer protection.

Regulation of digital assets in the US has long been confusing and unstable, causing doubt and uncertainty in the market. FIT21 recognizes the promise of cryptocurrency and blockchain technology and is committed to promoting innovation while protecting consumers.

The passage of FIT21 confirms the growing political momentum for cryptocurrency, following recent positive developments such as the repeal of SAB121.