The FIT 21 bill is expected to provide a regulatory framework for crypto, offering consumer safety and protection similar to SIPC for brokers and FDIC for banks.
"fit 21 which was a bill that was just passed by the house and it provides a regulatory framework that will finally do for crypto what everyone's been waiting for which is safety and protection for consumers similar to how Brokers are protected through the sipc and how banks are insured by the FDIC"