The Blockchain Association is among many crypto industry organizations that want more clarity and a regulatory framework in the US for digital assets, particularly stablecoins.
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“This is an issue that Congress has been looking at since 2019, and there have been hearings in both the House and Senate,” she said before adding, “last year we came really close to getting some bipartisan legislation done,”has been done and is ready to go, Smith said. Congress just needs to pull the trigger, but nothing happens fast in the bureaucratic circles of American politics.The main accusation that U.S. regulators make is that crypto is used for money laundering and terrorism financing.
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