A growing number of American lawmakers from both sides of the aisle have expressed hope in recent days that Congress could pass major crypto-related legislation before the year’s end. 

Democrats and Republicans in the House and Senate appear optimistic that both chambers of Congress could take advantage of the so-called lame duck session—between November’s presidential election and the dissolution of the 118th Congress at the year’s end—to finally pass landmark legislation legalizing major swaths of the crypto industry.

“I think a market structure bill would be wonderful, if we could get it done in the lame duck,” Gillibrand said during a pre-taped appearance at DC Fintech Week, referring to bills like FIT21, which would create a federal framework for regulating digital assets. 

Gillibrand elaborated that with several pro-crypto legislators retiring from Congress come Christmastime, including House Financial Services Committee Chairman Patrick McHenry (R-NC) and Sen. Debbie Stabenow (D-MI), there could be enough collective willpow

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Author: Sander Lutz