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The US House Financial Services Committee passed two crypto regulatory bills , clarifying jurisdiction for crypto firms under SEC and CFTC. On July 26, the House Financial Services Committee voted in favor of two bills – the Financial Innovation and Technology for the 21st Century Act and the Blockchain Regulatory Certainty Act.  The former bill, approved with a 35-15 majority, aims to establish clear rules for crypto firms regarding registration with either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC). #PASSED: In a historic first, the House Financial Services Committee just advanced the BIPARTISAN FIT for the 21st Century Act to protect consumers and provide clear rules of the road for the digital asset ecosystem. Up next: @HouseAgGOP considers the legislation tomorrow. pic.twitter.com/kOyLmolPuz — Financial Services GOP (@FinancialCmte) July 26, 2023 The Republican bill also outlines a process for firms to...

Two crypto regulatory bills have been passed by the United States House Financial Services Committee United States in one day. A key United States House panel has approved a pair of bills that will be key to developing a regulatory framework for crypto currencies, reducing regulatory red tape for crypto , and setting clearer rules for the industry. On July 26, the majority of U.S. lawmakers voted in favor of the Financial Innovation and Technology for the 21st Century Act as well as the Blockchain Regulatory Certainty Act. The House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act in a 35-15 vote which would establish rules for crypto firms on when to register with either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC). #PASSED: In a historic first, the House Financial Services Committee just advanced the BIPARTISAN FIT for the 21st Century Act to protect consumers and provide clear...