House Prepares Second Attempt at Crypto Market Structure Bill
House Representatives are finalizing a new crypto market structure bill, with a discussion draft expected by month’s end. The legislation aims to build on the Financial Innovation and Technology for the 21st Century Act (FIT21), which previously sought to designate the CFTC as the primary regulator for digital asset spot markets.
The move aligns with broader political efforts to establish clear regulatory frameworks for cryptocurrencies before the end of summer. market participants anticipate the bill could bring much-needed clarity to the classification and oversight of digital assets.