Crypto and Congress: What's Left on the Table?

Crypto is a hot topic in Congress right now. With less than 40 days left in the year, lawmakers have a lot to tackle. They need to confirm new leaders for financial agencies and figure out how to regulate the crypto market. The Senate has been busy. They just advanced Mike Selig's nomination to lead the Commodity Futures Trading Commission (CFTC). If approved, he'll be in charge of overseeing crypto markets. Selig has said he thinks crypto is important and wants to create rules that protect investors. But the big challenge is the market structure bill. This bill is supposed to set the rules for how crypto operates in the U. S. The Senate Agriculture Committee has a draft, but it's not final yet. There are some controversial parts, like rules about conflicts of interest. The Senate Banking Committee is also working on the bill. They haven't published a new draft in a while, but they're still negotiating. Senator Tim Scott, who leads the committee, says Democrats are slowing things down. He thinks they don't want President Trump to make the U. S. a leader in crypto. Congress doesn't have much time left. They'll be off next week for Thanksgiving and then only have a few weeks in December before the holidays. If they want to get anything done, they need to act fast.