Crypto Might Get Reality Check from Friendly U.S. Congress
The industry is used to things moving more quickly than politics allow.
Posted January 3, 2025 at 10:44 am EST.
The 119th Congressional session begins today. Politicians have promised clarity on regulatory requirements for stablecoins, a framework for deciding whether crypto firms are mostly overseen by the CFTC or SEC, even the establishment of a bitcoin national reserve.
Spiking cryptocurrency prices indicate that investors expect regulatory clarity faster than the government may be able to provide it. Policy advocates are thinking in terms of what can be passed in the next two years; while Congress may lean pro-crypto,…
