The Congressional Research Service of the United States pointed out that since 2017, federal regulatory agencies have changed their stance on bank cryptocurrency business multiple times with government changes. It is recommended that Congress pass legislation to clarify relevant authorities to reduce regulatory fluctuations. The report mentions the CLARITY Act, with the House version allowing banks to use digital assets or blockchain for activities already allowed by current laws, and the Senate committee report version explicitly allowing 11 types of crypto activities, including allowing banks to underwrite and trade digital assets more widely.
