Johnson Secures Committee Passage of Landmark Digital Assets Bill

Washington, D.C. – Today, the House Agriculture Committee voted to advance the Financial Innovation and Technology (FIT) for the 21st Century Act, a bill to provide historic clarity to the digital asset industry led by U.S. Representatives Dusty Johnson (R-S.D.), Glenn “GT” Thompson (R-PA) and French Hill (R-AR). Yesterday, the House Financial Services Committee passed the unprecedented joint bill out of their committee.

“The digital assets space needs a legislative solution to the regulatory hangups,” said Johnson. “This is the right legislation for the job, and I am glad both committees moved quickly to get our framework to the House floor so the digital asset markets can thrive. The FIT for the 21^st Century Act provides the clarity the digital asset industry has been asking for and ensures the U.S. is leading when it comes to crypto – I’m proud of the bipartisan support by bill received by the committee today.”

The bill now moves to the House Floor for consideration.

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Click here or the image above for Johnson’s remarks

Additional Resources:

Financial Innovation and Technology (FIT) for the 21st Century Act:

• For full bill text, click here.
• For a section-by-section summary, click here.
• For additional background, click here.
• For a myth vs. fact breakdown, click here.