A U.S. Crypto Bill’s 2024 Chances

The
crypto
industry
has
been
begging
for
issue-specific
legislation
in
the
U.S.
for
years,
in
the
hopes
that
this
legislation
may
create
clear
permissions
for
companies
to
develop
and
issue
tokens,
manage
blockchain
networks
or
otherwise
operate
free
of
the
concern
that
regulators
may
come
knocking.
The
closest
Congress
has
gotten
so
far
is
the
Financial
Innovation
and
Technology
for
the
21st
Century
Act,
a
House
bill
supported
by
Financial
Services
Committee
Chair
Patrick
McHenry
(R-N.C.).
With
a
limited
number
of
working
days
left
in
the
year,
the
chances
for
crypto
legislation
moving
through
the
Senate
are
slim.
So
here’s
what
could
happen
and
the
potential
roadblocks.