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Crypto Lobby Wins: House Passes FIT21 as Democrats Deride Historic Regulatory Framework

Lawmakers voted Wednesday in favor of a crypto market structure bill that could have a sweeping impact on the U.S. regulatory backdrop for digital assets if it eventually becomes law.Dubbed the Financial Innovation and Technology for the 21st Century Act, or FIT21, the measure was approved by the House of Representatives with a 279-136 vote. With 208 Republican members of the House voting in favor of the bill, 71 Democrats voted in favor of FIT21 as well. All but three of 217 Republican House me...

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