Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
to approve the Financial Innovation and Technology for the 21st Century Act with a very strong showing from House Democrats.
The crypto industry recorded its biggest-ever U.S. policy win on Wednesday when the House of Representatives approved a wide-reaching bill to establish regulations for digital assets markets, recording a 279-136 vote that saw Democrats crossing party lines to support it. The U.S. has fallen behind other global jurisdictions in establishing crypto regulations, and despite the win on Wednesday, implementing such oversight is far from complete.
Overall, 71 Democrats and 208 Republicans voted in favor of the bill, versus 3 Republicans and 133 Democrats who voted against.
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