White House and Treasury Say Regulatory Agencies Must Now Advance Crypto Bill Work

White House and U.S. Treasury officials have indicated that responsibility for advancing the legislation now rests with federal regulators, despite some expectations that Congress could revisit the measure during its lame-duck session.

Regulators Take Center Stage

The officials’ position suggests that agencies will lead the next phase of work on the bill while lawmakers’ prospects for renewed action remain uncertain. No details were provided on the bill’s timeline or the regulatory steps under consideration.