Cryptocurrency policy issues can be roughly divided into two categories: regulatory issues (tax reporting, BSA/AML, sanctions) and investor protection issues (SEC, CFTC, banking). Implementing good policies in one category does not necessarily mean achieving the same results in another category. The motives behind these two types of policies are different (protecting investors vs. identifying and preventing illegal fund flows), and the political motivations and opportunities for joint action of legislators in each field are also different.  @popop   @yug24