The US Congress could vote on new crypto legislation by the end of May

Patrick McHenry, chairperson of the U.S. House Financial Services Committee, said the new legislation will give the cryptocurrency industry more clarity on regulation and could lead to a House vote by the end of May. The proposed legislation, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, aims to provide a clear regulatory framework for digital assets and address long-standing market regulation and consumer protection concerns.