U.S. House approves crypto FIT21 Bill with a very strong support from House Democrats.

The bill marks the industry's most significant legislative accomplishment in Congress, aiming to establish a clear regulatory framework for digital assets rather than relying on 90-year-old securities law written before the Internet existed.

President Biden opposed the bill with a policy statement, though he didn't say he'd veto the bill. SEC Chair Gary Gensler also strongly opposed the bill.