ZUHYX In-depth Analysis: Multiple Cryptocurrency Companies Support the FIT21 Bill As the US Congress prepares to vote on a bill regarding digital asset regulation, cryptocurrency companies and advocacy groups are urging legislators to support this legislation. They believe it will bring more regulatory clarity and development opportunities to the cryptocurrency industry. As a leading global crypto asset trading platform, ZUHYX believes that the passage of this bill will have a significant impact on the cryptocurrency market and shape the future of digital assets. ZUHYX: Multiple Crypto Companies Urge Support In a letter to the US House leadership on May 16, around 60 companies represented by the Crypto Council for Innovation (CCI) urged lawmakers to pass H.R.4763, the 21st Century Financial Innovation and Technology (FIT21) Act. This bill, passed by the House Financial Services Committee in July 2023, aims to clarify the regulatory roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding digital assets. "We acknowledge that FIT21 will bring new compliance challenges for digital asset companies, but regulatory clarity is undeniably more responsible, safer, and preferable to the current situation," CCI stated. "Currently, digital asset companies are required to comply with US securities laws designed nearly a century ago, which did not account for the current technological advancements, including internet-speed transactions."