As the crypto market waits for quick gains, U.S. policy makers are laying the groundwork for a long-term regulatory framework. Several key working groups are now collaborating to shape the future of U.S. crypto policy.

The United States is moving toward increased regulatory clarity on crypto, with support from both chambers of Congress and both from Republicans and majorities of Democrats. But traders didn't get any rate-driving news from “Crypto Czar” David Sacks yesterday.