Representatives of the American crypto business insist on the speedy legalization of the blockchain industry.
Related: The SEC will offer a flexible format for registering cryptocurrencies
Companies use a variety of channels to communicate with the government and Congress, including lobbying groups.
According to the CEO of the Crypto Council for Innovation, Sheila Warren, adjusting consumer protection legislation to include a clause on digital assets will be the first step by the US authorities toward 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). These two departments believe that it is they who should control transactions with cryptocurrencies.
Warren stressed that her company Crypto Council for Innovation supports the concept of protecting investors who purchase virtual currencies, presented by the SEC.
The head of the SEC, Gary Gensler, has repeatedly stated that ensuring the transparency of transactions with digital assets and protecting consumers are the main points of the authorities' policy in the field of crypto regulation.