Why Washington Says Crypto Regulation Can’t Wait

[nihalsari]

A comprehensive U.S. crypto market structure bill is inevitable — and delaying it would be a mistake. That was the message from Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, who said lawmakers must act while political conditions still allow compromise. Expecting a multi-trillion-dollar crypto industry to operate long term without clear rules, he argued, is “pure fantasy.”

The legislation aims to define how the Securities and Exchange Commission and the Commodity Futures Trading Commission oversee crypto markets — a long-standing demand from both industry and regulators. But disagreements over stablecoins and DeFi provisions have slowed progress, forcing Senate committees to delay votes while they search for bipartisan support.

[lingriiddd]

operating a trillion-dollar industry on vibes and enforcement actions was never sustainable