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U.S. House of Representatives approves FIT21 bill in bipartisan vote for crypto market rules

The U.S. House of Representatives passed the FIT21 cryptocurrency market bill with bipartisan support today.

With 71 Democrats joining Republican members of the House, the Financial Innovation and Technology bill passed 279-136. The bill is one of the biggest to pass this year for the crypto, blockchain and Web3 markets. That bodes well for Web3 gaming companies who have raised a lot of venture capital in recent years.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.