Prospects for key US tech laws are declining
Emerald expert briefings · 2022
Significance The 117th Congress concludes on January 3, 2023, but recesses for campaigning for November's midterms as well as holidays reduce available legislative time. Bills not passed can be reintroduced, but control of at least one House, if not both, and thus of the legislative agenda in 2023-24 is likely to be flipped by the midterms. Impacts Cryptocurrency firms will support midterms candidates likely to constrain efforts to regulate cryptos under securities law. California is advancing its own cryptos and cybersecurity regulation, presaging a re-run of state privacy law leading federal efforts. Metaverse regulation remains largely off Congress’s radar.