Midterms: crypto's unifying power
Matt Bisanz is featured in this article.
Given banking regulators' relative reluctance to engage on crypto-related matters, limited congressional action can be expected in that aspect, argued Matthew Bisanz, partner at Mayer Brown.
"Putting aside enforcement actions and consumer protection, crypto is not a particularly high priority on the banking side: the proposals that have come out so far have largely focused on the securities markets," he said. "I am bearish on the likelihood of Congress intervening on this. While the banking regulators may take some action, it will be a very slow process and will focus on relatively low-risk activities by large institutions, such as the Fed's authorization to custody cryptocurrency."