Rep. Patrick McHenry said a major crypto legislative effort is close to a floor vote in the House of Representatives. (Jesse Hamilton/CoinDesk)

U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote

Summary

The U.S. House of Representatives is set to vote on the Financial Innovation and Technology for the 21st Century Act, a comprehensive cryptocurrency legislation. The bill, supported by Rep. Patrick McHenry, aims to provide clarity and regulatory framework for digital asset markets. While it has bipartisan support in the House, its progress in the Senate is uncertain. The Senate has not made significant progress on similar legislation.

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