2024 Chances of a US Crypto Bill

The crypto industry has been begging for issue-specific legislation in the US for years, hoping that such legislation can create clear permissions for companies to develop and issue tokens, manage blockchain networks or otherwise operate free from concerns that authorities regulation could beat. . The closest Congress has come so far is the Financial Technology and Innovation for the 21st Century Act, a House bill sponsored by Financial Services Committee Chairman Patrick McHenry (RN.C.). With a limited number of business days left in the year, the chances of crypto legislation passing the Senate are slim. So here’s what could happen and the potential pitfalls.