The regulators work for the government so we all know that they are never efficient when it comes to decision making. The regulation of cryptocurrencies in general is not something that will happen overnight as there are many considerations to review. There are also different agencies that will want to be involved in the process which is also not clear what it is given that most financial market laws differ among states and there are few federal laws that could immediately apply to the space. States will surely want to have a piece of the say as seen by states like Wyoming and Arizona whom have had their own views and laws passed.
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