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Two bills, the Digital Commodities Exchange Act and the Securities Clarities Act, have been introduced in Congress. We worked closely with their sponsors to develop these bills, which will go a long way toward addressing open cryptocurrency policy questions.

The first bill would give cryptocurrency exchanges an optional route to register with the CFTC. This would have two benefits: offering companies an alternate option to onerous state-by-state money transmission licensing requirements, and giving added CFTC visibility to police manipulation in these markets.

The bipartisan bills also complement each other to more clearly define CFTC and SEC jurisdiction with regard to pre-sold tokens and investment contracts for future tokens.

Read more: Two new bills in Congress would clarify agency jurisdiction over cryptocurrency

In an op-ed for The Block, Coin Center Director of Research Peter Van Valkenburgh lays out the areas of policy relevant to decentralized exchange, and how the Constitution could one day be invoked in defense of developers who publish truly decentralized exchange tools.

Read more: There''s no such thing as a decentralized exchange

We have received many questions about FATF. Rumors are circulating that regulators will soon require exchanges to only allow cryptocurrency withdrawals to "whitelisted" addresses or, worse, that withdrawals to unhosted wallets won''t be allowed at all.

While concerning, we do not believe that this is imminent. We explain why here: Are regulators poised to demand cryptocurrency address whitelisting? Probably not.

We worked with a bipartisan group of members of Congress that sent a letter to the IRS asking that staking rewards for validators in proof-of-stake networks be taxed when sold rather than treated as income.

Read more: Congress to IRS: Proof-Of-Stake block rewards should not be taxed as income

We also published a report examining the technical reasons why this policy is necessary.

Read more: Dilution and its discontents: Quantifying the overtaxation of block rewards

We have been working with the OCC as it continues to push forward on clarifying how federally chartered banks can offer cryptocurrency services to their customers.

In a comment letter to the agency, we lay out six cryptocurrency functions that nationally chartered banks should be free to engage in.

Coin Center''s work crosses several policy areas. We''ve published a post that articulates simply what those are and what our preferred outcomes would be.

Read more: The ideal regulatory environment for Bitcoin

You can support our work in these areas by becoming a Coin Center supporter. Visit coincenter.org/donate today.