Former US House Speaker Nancy Pelosi is considering supporting the Republican-led crypto bill, FIT21, which could be voted on by May 22. The bill aims to clarify the roles of the Commodity Futures Trading Commission and Securities and Exchange Commission in regulating crypto assets. It also proposes changes to the Howey test, a legal standard for determining securities, which could reduce the SEC's oversight of crypto. The bill has been well-received by the crypto industry, but has faced opposition from financial reform groups and anti-crypto Democrats. Pelosi's support could signal a shift in the Democratic party's stance on crypto.