60 US crypto companies support the cryptocurrency market structure bill FIT21 ahead of next week's vote

Sixty U.S. crypto companies have supported FIT21, a cryptocurrency market structure bill that is set to be voted on next week.
The signatories urged House members to pass the bill in a letter spearheaded by the Innovative Crypto Committee and sent Thursday to House Speaker Mike Johnson and House Minority Leader House Minority. The bill (FIT21) would create new compliance challenges for crypto companies, but would require clear rules, the groups said.
Currently, digital asset companies are required to comply in some way with U.S. securities laws designed nearly 100 years ago that do not take into account today's technological advancements, including the ability to conduct transactions at Internet speeds, they wrote in the letter.