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Author: Griffin Ardern, Head of Options Desk Research Department, BloFin; Yilan Preface On May 23, 2024, the U.S. House of Representatives passed the 21st Century Financial Innovation and Technology Act (FIT 21) by 279 votes to 136. The legislation, driven primarily by House Republicans, will establish a system to regulate the U.S. crypto market, set consumer protection measures, and designate the Commodity Futures Trading Commission (CFTC) as the primary regulator of digital assets and the regulator of non-securities spot markets. House Democrats performed strongly. The passage of this crypto market structure bill marks the industrys most significant legislative achievement in Congress. After the House of Representatives votes, the bill will move on to the Senate, where it will ultimately become law through presidential action. This bill is particularly important for…# Analysis# AirdropPre
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