Congressional report says legislation could steady U.S. bank crypto policy

Bitcoin News said in a post on X that a new report from the U.S. Congressional Research Service examined how federal policy on banks’ crypto activity has shifted since 2017. According to the report, federal regulators have repeatedly changed their stance on whether banks can engage in crypto-related business as presidential administrations changed. The report said Congress could reduce those policy reversals by passing legislation that clearly permits or restricts specific activities. It also referenced the CLARITY Act and highlighted differences between versions advancing in Congress. The version passed by the House would allow banks to use digital assets or blockchain for activities already permitted under existing law. A Senate committee reported version would explicitly allow 11 categories of crypto activity, including broader authority for banks to underwrite and trade digital assets. The report, as cited by Bitcoin News, frames legislation as a way to provide a more stable regulatory baseline for banks involved in crypto.