AN OVERVIEW OF FIT21

Summary from the TLDR Crypto newsletter

The US House is voting on the Financial Innovation and Technology for the 21st Century Act (FIT21) today. A pivotal bill that aims to establish clear regulations for the cryptocurrency market in the US, this legislation delineates jurisdiction between the SEC and CFTC, introduces consumer protections, and sets out guidelines for when crypto networks are considered sufficiently decentralized, marking significant progress in defining and potentially stabilizing the crypto regulatory landscape.