Financial Innovation and Technology for the 21st Century Act

The Financial Innovation and Technology for the 21st Century Act (FIT21) was a bill passed in the lower house of Congress in May 2024 to explicitly address the treatment of digital assets under U.S. law. The House Financial Services Committee asserts that the FIT21 Act is "an important step towards achieving regulatory clarity for digital assets", with intent to offer strong consumer safeguards and the regulatory clarity that is necessary for the digital asset industry in the United States to prosper.

Source: Wikipedia — Financial Innovation and Technology for the 21st Century Act (CC BY-SA 4.0)