House Passes Landmark Crypto Regulation Bill Despite SEC Concerns

The U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act, a bill aimed at creating a new legal framework for digital currencies, despite warnings from SEC Chair Gary Gensler that it could introduce new financial risks and regulatory gaps. The bill, which passed with bipartisan support, is intended to provide regulatory clarity and promote industry growth, but faces uncertainty in the Senate.