Senate Advances Key Crypto Market Structure Bill: FIT21 Vote Imminent

The U.S. Senate is progressing toward a crucial vote on landmark cryptocurrency market structure legislation. The Financial Innovation and Technology for the 21st Century Act (FIT21), which recently passed the House of Representatives, is now under consideration in the Senate. This pivotal bill aims to establish a comprehensive regulatory framework, clarifying the roles of the SEC and CFTC in overseeing digital assets like Bitcoin (BTC) and Ethereum (ETH). The move signals significant legislative momentum for the crypto industry, potentially providing clearer rules for exchanges and token issuers. Market participants are closely watching the Senate's actions, as the outcome could have profound implications for crypto regulation and institutional adoption in the United States.