Memes

⭐️Tuesday July 23rd a big deal for the crypto market ⭐️

On July 23, 2024, the U.S. House of Representatives will vote on the Financial Innovation and Technology for the 21st Century Act (FIT21). This bill aims to establish a comprehensive regulatory framework for the digital asset market. It includes provisions to clarify how digital assets are regulated, empower the Commodity Futures Trading Commission (CFTC) to oversee crypto assets as commodities, and delineate which assets are classified as securities under the Securities and Exchange Commission (SEC).

The FIT21 Act has already garnered bipartisan support in the House and is viewed as a significant step toward providing regulatory clarity and consumer protection within the crypto industry. The bill’s passage would represent a major policy win for the crypto sector and could influence future regulatory decisions and market behaviors 😉💭💭💭💭💭💭💭🚀