According to a news report from 深潮 TechFlow on March 27, The Block reported that French Hill (Republican, Arkansas), chairman of the U.S. House Financial Services Committee, hinted at the digital chamber Blockchain summit held on Wednesday that a revised version of the market structure bill based on last year’s committee work will be released “in the coming weeks.”
This bill, named the “21st Century Financial Innovation and Technology Act” (abbreviated as FIT 21), was passed by the House of Representatives last year and received support from 71 Democratic lawmakers, including former House Speaker Nancy Pelosi (California).
Last year’s market structure bill will grant the Commodity Futures Trading Commission (CFTC) more power and funds to regulate the cryptocurrency spot market and “digital commodities” (especially Bitcoin), and set parameters for the Securities and Exchange Commission (SEC).
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