Two recent shepherds of American crypto views – Republican former legislator Patrick Mchenry and the Democrat’s former was the Futures Trade Commission Chief Rostin Behnam – shared a perception that there is a huge amount of work that still has to do on American crypto turning, but it is now the moment.

Mchenry, in a discussion hosted by Georgetown University’s Psaros Center for Financial Markets and Policy, said Senator Tim Scott, South Carolina chairman of the Senate Bank Committee, and representative French Hill, Arkansas Republican, who heads House Financial Services Committee, presents the industry an ideal opportunity to establish audio laws.

“And I think you should take it,” he said, arguing that solid law will act as a better future defense than regulatory stop gaps not associated with congressional action. “Let’s ward against bad regulators taking these seats that could try to kill digital innovation.”

Last year, Mchenry supported the economic innovation and technology for the 21st century law (Fit21), which has become the basis for this year’s congress efforts on Crypto’s market structure. The former legislator, who now advises industry investor A16Z, predicted an “evil hot summer to legislation.”

Mchenry also had a direct hand in last year’s stablecoin legislation returned with new versions in Parliament and the Senate. Although they are mostly in line with each other, he said that a “Major Brewing Battle” forms between us stablecoin Essuer Circle (USDC) and the global leader, Tether (USDT), about how non-American issuers would be handled.

Both want to be in business after Congress passed a law, Mchenry said, “and they both work actively at Capitol Hill to hear their point of view.” He said he expects a “reasonable landing place” to be found in an American regime for Tether that allows it to handle US investors.

“You should not blow up an international product that wants to be dollar-denominated; I don’t think it’s a rational result,” he argued, although the case can take several months of negotiating among legislators. The debates about the flesh from very technical policies will eventually switch from “science to art” as legislators do what they can to convert ideas into law, Mchenry said.

Meanwhile, the industry continues, largely unregulated at the federal level. As Behnam noted, “You can’t prevent the industry from doing what it does, whether it’s tokens or development protocols and what not, and it has been going on for years.”

He was never able to get on the same page with the former chairman of securities and exchange commission Gary Gensler to initiate Crypto policies, and he offered a reality check for those who were now waiting for laws from a cooperative congress: They also have to be implemented by the regulators.

“It will take a while,” he said, starting with market structure legislation, which can still be several months away. “But then it kicks over to the harder part where you want the market regulators and bank regulators that write rules that can often take over a year, even on the fastest clip.”

Read more: US CFTC Chief Benham’s Last Word to Crypto: Protect Investors