TechFlow reported, according to Coindesk, the U.S. House of Representatives passed the 21st Century Financial Innovation and Technology Act by a vote of 279 in favor and 136 opposed, with strong support from House Democrats. The passage of this crypto market structure bill marks the industry's most significant legislative achievement in Congress.
The digital asset legislation passed by the House now passes the baton on cryptocurrency regulation to the Senate, although the likelihood of the Senate taking decisive action remains low.
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