Regulators repeatedly adjust or reduce [their stance], the U.S. Congress can legislate to clarify banks' authority to engage in crypto business

Odaily report: Bitcoin News posted on the X platform stating that the U.S. Congressional Research Service pointed out in a new report that since 2017, with changes in presidential administrations, federal regulators have repeatedly changed their positions on whether banks can engage in crypto business.

The report states that Congress can clarify through legislation to explicitly allow or restrict specific activities, in order to reduce repeated adjustments in regulatory positions. The report mentions the 《CLARITY Act》: the version passed by the House of Representatives would allow banks to use digital assets or blockchain for activities already permitted under current law; the version reported by the Senate Committee would explicitly allow 11 categories of crypto activities, including allowing banks to more broadly underwrite and trade digital assets.