The Week in Crypto Policy: House Passes FIT 21 With Massive Bipartisan Vote

In a massive show of support to improve the status quo, the House passed FIT 21 by a 279-136 vote, with 71 Democrats joining nearly all Republicans in supporting new rules tailored for digital assets. The House also passed a bill to prohibit the Fed from issuing, or even developing, a CBDC by a nearly straight party-line vote of 216-192. And the SEC approved critical regulatory filings for eight spot Ether ETPs, effectively recognizing Ether is not a security. The next step is for the SEC to approve the ETP's S-1 registration statements before trading can begin.