House Republicans Unveil New Draft Legislation to Establish Comprehensive U.S. Crypto Framework
House Republicans have introduced a new draft bill aimed at establishing a clear and comprehensive regulatory framework for the cryptocurrency industry in the United States.
Spearheaded by Representatives French Hill, Bryan Steil, Glenn “GT” Thompson, and Dusty Johnson, the proposal builds on the momentum of past efforts to provide regulatory clarity for digital assets.
“We made historic progress in the 118th Congress to build a bipartisan, bicameral consensus,” said Rep. Hill. “This draft continues that mission by safeguarding consumers and supporting long-term innovation in U.S. digital asset markets.”
The release comes just ahead of a key congressional hearing titled “A Blueprint for American Innovation and the Future of Digital Assets.” The new draft closely follows the contours of the earlier Financial Innovation and Technology for the 21st Century Act (FIT21)—a bill that passed the House last year but stalled in the Senate.
Among its core proposals, the draft legislation continues to divide regulatory oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The CFTC would be granted expanded authority over digital commodities and crypto spot markets—especially those involving Bitcoin—while the SEC would retain jurisdiction over fundraising and securities issuance.
The proposed bill also introduces guidelines for:
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Registration and operation of digital commodity exchanges under the CFTC
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Fundraising pathways compliant with SEC regulations
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Standardized disclosure and transparency requirements
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A clear, dual-agency registration system tailored to crypto markets
Lawmakers say the new framework seeks to strike a balance between innovation and consumer protection, positioning the U.S. as a global leader in digital finance regulation.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
