The crypto industry has been clamoring for legislation on specific issues in the U.S. for years, hoping that it would give companies clear permissions to develop and issue tokens, manage blockchain networks, or otherwise operate without the worry of regulators coming knocking. The closest Congress has come so far is the Financial Innovation and Technology for the 21st Century Act, a House bill sponsored by Financial Services Committee Chairman Patrick McHenry (R-N.C.). With only a few business days left in the year, the chances of crypto legislation passing the Senate are slim. Here’s what could happen, and what the potential roadblocks are.
