US Congress Will Not Pass Cryptocurrency Legislation Anytime Soon, Says Lawmaker
by Kevin Helms
May 24th, 2021
U.S. Congressman Jim Himes says that Congress is not ready to pass cryptocurrency legislation anytime soon, citing a lack of deep understanding of cryptocurrencies among lawmakers. “There’s going to be a lot of discussion in the coming years about ways to regulate” cryptocurrencies, said the congressman.
Himes said that Congress is not ready to act on crypto legislation anytime soon. “Most of my colleagues don’t have a deep understanding of cryptocurrencies, what they can do, what the dangers are,” he described, emphasizing that “Congress has not spent a lot of time on it.” The lawmaker elaborated: So, for better or for worse, there’s not going to be legislation passed out of the United States Congress anytime soon.
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