TechFlow reports, according to Fortune, that the U.S. House of Representatives plans to vote next week on the FIT21 cryptocurrency market structure bill. The bill, co-sponsored by House Financial Services Committee Chairman Patrick McHenry, includes new provisions regarding when cryptocurrencies are considered securities.
French Hill, chairman of the Digital Assets Subcommittee, expressed optimism about the passage of the FIT21 bill despite Senate opposition toward digital assets. He believes the bill could be incorporated into other must-pass legislation such as the agricultural bill or the National Defense Authorization Act. However, while House approval would be symbolically significant, it remains uncertain whether the bill will ultimately become law.
