1180. New Crypto Legislation Introduced!📜 F.I.T. For The 21st Century Act [FULL BREAKDOWN]

The "Financial Innovation and Technology for the 21st Century Act," a 212-page bill, aims to create a crucial regulatory framework for the digital asset sector. It seeks to introduce new regulations for digital asset exchanges and provide clear guidelines for the roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission in overseeing cryptocurrencies. The comprehensive bill has garnered support from influential members, including Rep. Glenn Thompson (R-Pa.), Chair of the House Agriculture Committee. Rep. French Hill (R-Ark.) and Rep. Dusty Johnson (R-S.D.) are co-sponsors. FULL BILL ➜ https://agriculture.house.gov/uploadedfiles/fit_for_the_21st_century_act_of_2023.pdf