The White House pointed the finger at Congress Friday for stalling on a comprehensive, national crypto regulatory framework, outlining numerous actions lawmakers could take to reign-in fraud and bad actors in the crypto sector. 

Congress “needs to step up its efforts,” four of President Biden’s senior advisors wrote in a White House blog post on crypto policy published Friday morning. 

The post goes on to highlight a number of moves Congress could make immediately to purportedly enhance consumer protection standards in the crypto space.

Those moves include expanding the powers of federal regulatory agencies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC); strengthening transparency and disclosure requirements for crypto companies; aiding law enforcement by increasing funding, strengthening penalties for existing finance rules, and enhancing those rules to penalize intermediaries; and passing legislation to regulate stablecoins, as outlined in a recent Treasury Department report.