I can't speak for all of Congress or if Biden would even sign off but in the House one of the few significant bills passed this Congress was the FIT21 Act that would do this. Sen. Brown though is the head of the banking committee in the Senate and refuses to touch it. That's why we saw crypto money go to the Republican running against him.

I think regardless of party or even technology preferences I guess you could call it something like crypto has grown into something Sen. Brown shouldn't be allowed to unilaterally shut down. I think that's bad policy, politics, whatever you want to call it. Ideas like this need to be paid attention to and part of Congress job is to hold hearings to learn about these things. He really has refused to do what I would say is his job.