U.S. House passes FIT21
The House passes the Financial Innovation and Technology for the 21st Century Act, a broad digital-asset market-structure bill.
On May 22, 2024, U.S. House passes FIT21. The House passes the Financial Innovation and Technology for the 21st Century Act, a broad digital-asset market-structure bill.
FIT21 proposed a federal market-structure framework dividing responsibilities between the SEC and CFTC for digital assets. Bitcoin was not the only subject, but its regulatory status and trading infrastructure sat inside the broader legislative effort.
The event marks a change in the legal environment around Bitcoin access, custody, mining, reporting or financial products, with consequences determined by the specific jurisdiction and stage of the action.