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The crypto industry has been pushing for issue-specific legislation in the United States for years, hoping that such legislation could create clear permissions for companies to develop and issue tokens, manage blockchain networks, or otherwise operate without fear of regulators coming knocking. The closest Congress has come so far is the Financial Innovation and Technology for the 21st Century Act, a House bill sponsored by Financial Services Committee Chairman Patrick McHenry (R-N.C.). With only a few business days left in the year, the chances of crypto legislation passing the Senate are slim. So here’s what could happen and the potential roadblocks.
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