Catenaa, Friday, March 28, 2025-US lawmakers are making swift progress on digital asset regulations, with votes expected soon on stablecoin legislation and a revised crypto market structure bill. House Financial Services Committee Chair French Hill, R-Ark., announced Wednesday that a revised draft of the Financial Innovation and Technology (FIT) for the 21st Century Act (FIT 21) would be released in the coming weeks.
The bill, which previously passed the House with bipartisan support, aims to clarify oversight of digital assets, granting more authority to the Commodity Futures Trading Commission.
Meanwhile, Rep. Bryan Steil, R-Wis., said the full text of a House stablecoin bill, the STABLE Act, will be introduced later Wednesday. Lawmakers in both chambers are working to align the House and Senate versions, with the GENIUS Act already advancing in the Senate Banking Committee.
Steil said the bills are “roughly 80% similar” and that efforts are underway to resolve key differences, including the role of state oversight and the Office of the Comptroller of the Currency.
With bipartisan support and alignment with the administration, lawmakers say they are confident in finalizing stablecoin regulations and advancing broader crypto legislation.
