"Crypto Is A Priority" US Lawmakers Hopeful For Crypto Reforms

December 28, 2022

Story: Mohd Javed

After what started as a hopeful year for tech policy, the 17th Congress is set to finish the year with its most ambitious proposals targeting cryptocurrency.

Privacy and crypto will likely lead tech policy in 2023 under split Congress as hope for passing ambitious antitrust reforms

While antitrust proposals may be harder to advance, the Uniited States lawmakers have been expecting more focus on digital privacy and cryptocurrency regulation framework in the coming year.

They are also likely to spend more time looking at crypto regulation after the FTX collapse

Showing the example of their priority, the legislators have already considered some legislation targeting the industry

Making a clearer regulatory framework for crypto is a priority, they said.

Congress did pass the CHIPS and Science Act, which incentivizes domestic semiconductor manufacturing after shortages highlighted the risks of overseas production.