Representatives of the US crypto business insist on the speedy legalization of the blockchain industry.
Companies are using multiple channels to communicate with government and Congress, including lobbying groups.
According to the CEO of the Crypto Council for Innovation, adjusting consumer protection legislation to include a clause on digital assets will be the first step by the US authorities towards implementing a regulatory framework for the industry.
An important step will be the division of powers between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Both departments believeit is they who should control transactions with cryptocurrencies.