Crypto Advocacy Groups See Uphill Battle on Capitol Hill

[kreslik.news]

Cryptocurrency legislation in the United States still has a long way to go. In fact, no major federal laws have been created to regulate the cryptocurrency industry. Some states have been working on legislation that governs the cryptocurrency industry, but federal law enforcement bodies have had to take their pick of which existing laws to apply to crypto – sometimes to confusing ends.

The lack of decisive action certainly doesn’t mean that legislators aren’t working towards creating some kind of legal framework for the cryptocurrency industry. Congress originally held a hearing with Jay Clayton and Christopher Giancarlo, Chairmen of ... (read more)