Lack of bipartisan support on crypto regulation could make US ‘less attractive’ to firms: Moody’s By Cointelegraph

The investors’ service of credit ratings agency Moody’s (NYSE:) has reported that without support from United States lawmakers on both sides of the political aisle for legislation focused on digital assets, investors and companies could turn to other crypto-friendly jurisdictions.

In a June 20 report, Moody’s pointed to key differences in the way Democrats and Republicans have handled crypto-focused legislation in the U.S., specifically competing language in a bill on stablecoins and a bill aimed at providing a comprehensive framework for digital assets. Many of the issues between lawmakers concern whether regulation of stablecoins should be overseen at the federal or state level and are about addressing consumer protection in the wake of many crypto firms going bankrupt in 2022.