FIT21 Bill Don Change How US Regulate Crypto, Make SEC and CFTC Roles Clear, Make Am for Pipo Get Decentralized Money.

Di House of Representatives for America don bring one new law, dem call am Financial Innovation and Technology for the 21st Century Act (FIT21). Dis one na big law wey dem plan to use change how dem dey control cryptocurrency for US. FIT21 don clear confusions wey bin dey before by sharing who go control wetin: Commodity Futures Trading Commission (CFTC) go dey look after decentralized digital assets like dem be commodities, while Securities and Exchange Commission (SEC) go face centralized tokens and mata dem wey connect to securities. Di law go change di way SEC dey give decentralization certification to be like 'mature blockchain' system and dem say projects must dey give clear updates two times in a year – dem must talk about dia tokenomics, who get wetin, and how dem dey manage things. One big tin wey happen na say dem make di process easy for exchanges to register and list decentralized crypto assets as commodities, without dem being scared of SEC coming after dem for past tins. Di bill remove di rules about how much money or property person must get to be a retail investor and dem comot di tough check for accredited investors, dis go make more pipo fit enter di market. Non-custodial DeFi (decentralized finance) wey no get central control go escape di heavy registration palava, dis go make dia work lighter. FIT21 also give projects clear road to move from SEC control to CFTC control, if dem meet di rules for decentralization, like dem no get one person wey dey control am, inside pipo no get up to 20% of di ownership, and di network sabi do wetin dem say e go do – di regulators must answer dia application for certification within 60 days, dis go give dem di legal sure-sure wey dem need. Plus, di bill make am clear wetin stablecoins and digital commodities be, e make sure say dem no treat dem like securities and e put high rules for how transparent stablecoins and pipo wey dey keep dia assets must be, and how much reserve dem must get to support di market stability. On the whole, pipo see FIT21 as a big change from 'controlling tins by punishing pipo' to a legal environment wey fit predict wetin go happen and wey like new ideas, dis fit make traders get more confidence, make more pipo join di market, and fit affect how much trading dey happen and how pipo feel about di market for US.