The cryptocurrency industry has been pleading for issue-specific legislation in the U.S. for years, hoping that such legislation would give clear permission for companies to develop and issue tokens, manage blockchain networks, and operate without fear of regulatory intervention. The closest Congress has come so far is the House bill “Financial Innovation and Technology for the 21st Century Act,” sponsored by Financial Services Committee Chairman Patrick McHenry, RN.C. With only a limited number of working days left this year, it’s unlikely that a cryptocurrency bill will pass the Senate. Here’s what could happen and some of the potential roadblocks.
