🚀The Financial Innovation and Technology for the 21st Century (FIT21) Act, which clarifies the roles of US securities and commodities regulators in crypto oversight, has passed the House of Representatives and is headed to the Senate. Although the Biden administration opposes the law, it has not indicated it would veto it. FIT21 would give much of crypto control to the Commodities Futures Trading Commission, seen as a more relaxed regulator than the SEC. Do you think this law will benefit the crypto market? Comment below!