In a step towards making clear rules for digital money, the House of Representatives is looking at new laws. They want to vote on this later this month to show they are serious about regulating things like cryptocurrency.

One important law in this plan is called the FIT21 Act. It's a big deal for 2024, according to crypto.news. It was introduced by Glenn Thompson, French Hill, Dusty Johnson, Tom Emmer, and Warren Davidson. This law wants to make it clear what rules crypto markets should follow, to protect consumers and help the industry grow.

The Chair of the House Financial Services Committee, Patrick McHenry, says this law will finally give some clear rules after years of not knowing what to do. He says it will help innovation and keep people safe.

The FIT21 Act wants to make things clear for crypto. It wants to give the Commodity Futures Trading Commission (CFTC) more power over crypto trading. It also wants to make it clear what the Securities and Exchange Commission (SEC) can do with digital assets.

French Hill thinks this law is very important, especially after what happened with FTX. He says we need strong rules to keep investors safe and keep America leading in this field.

Ro Khanna, a congressman from California, says that not having clear rules has made companies go elsewhere. He supports the bill, but only if it helps consumers and doesn't hurt innovation.

In summary, the FIT21 Act is a big step towards making clear rules for digital money. It wants to protect consumers and help the industry grow. Many lawmakers support it, but they want to make sure it's done right.