According to Bitcoin.com, Paul Gosar, a U.S. congressman from Arizona, proposed the 2020 Cryptocurrency Act during a coronavirus quarantine. The bill specifies which federal agencies regulate what types of crypto assets. The MP said: "It is critical for the United States to maintain its global leadership in cryptocurrencies." He also noted that "by providing much-needed regulatory transparency on cryptocurrencies, we will make it easier for businesses, institutions, and ordinary Americans to participate in this ongoing Growing industries. No more darkness, uncertainty, or confusion. "