stable coins
By James Thorp
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Where Things Stand Right Now. Crypto keeps growing. Investment dollars keep flowing in.
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What the Delay Costs. Companies are cautious. They're holding back on expansion plans because they don't know what the…
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Bipartisan Hopes and Political Reality. There's talk of bipartisan cooperation. Some senators from both parties say they want to get…
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Industry groups and lawmakers are putting heat on the Senate to pass legislation that actually defines what's legal and what's not in digital asset markets. The U.S.
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Crypto keeps growing. Investment dollars keep flowing in. But the legal ground underneath all of it stays pretty murky.
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Industry advocates say the current situation is basically untenable. Without clear federal standards, companies don't know if they're compliant or not.
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Consumer protection is part of the debate. So is anti-money laundering enforcement. Senators working on crypto bills are trying to address both, but they haven't found common…
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Companies are cautious. They're holding back on expansion plans because they don't know what the rules will look like six months from now.
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And it's not just startups feeling the pinch. Larger financial institutions interested in offering crypto services are waiting for regulatory clarity before they commit resources.
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The lack of federal legislation has created what some call a "regulation by enforcement" environment.
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Taxation is another unresolved issue. The IRS has issued some guidance on how to treat crypto transactions, but gaps remain.
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Related: SEC Clarifies Pooled Retirement Rules as Small Firms Eye Lower-Cost Plans
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There's talk of bipartisan cooperation. Some senators from both parties say they want to get something done. But talk hasn't turned into votes yet.
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Industry groups are lobbying hard. They're meeting with staffers, submitting comment letters, testifying at hearings. The message is consistent: the U.S.
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Some lawmakers push back on the urgency. They argue that moving too fast could lock in bad policy, that it's better to get the rules right than to get them done quickly.
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