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Yevhen
@applestar
➖ Financial Innovation and Technology for the 21st Century Act (FIT21) The FIT21 Act, brought forward by Congressman Glenn Thompson in 2023, aims to clarify the rules of the crypto game ➖ By bringing “sufficiently decentralized” digital assets under the Commodity Futures Trading Commission (CFTC), FIT21 sets criteria to distinguish decentralized assets from securities ➖ The bill passed the House in May 2024 and awaits Senate approval. If signed into law, it could end the guessing game and give the SEC the green light to focus on securities rather than stifling innovation 🧵 2/11
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