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Communications of the ACM

ACM Opinion

Dems Will Probably Miss Chance to Shape Crypto Regulation


Illustration depicts a concept of bitcoin.

Both houses of Congress are back in session with a packed agenda, and way down on the list of legislative priorities is regulating crypto.

Credit: Getty Images

Time may be running out for any hope of the Democrat-controlled Congress to pass any type of cryptocurrency regulation legislation. The funny thing is that appointed personnel within the Biden administration are pushing Congress to act on crypto now. Non-elected officials at the Securities and Exchange Commission, Treasury Department, and Federal Reserve have expressed the need for elected members of Congress to address cryptocurrency regulation.

If Democrats don't address crypto regulation within the next six months or so, they could lose the chance altogether.

From Fortune
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