Bloomberg has published an editorial highlighting concerns over U.S. Congress's efforts to establish a regulatory framework for digital assets. The editorial warns that without adequate authorization and resources for federal regulators like the SEC and CFTC, these efforts may falter. The proposed 'Genius Act' aims to regulate stablecoins but faces challenges due to fragmented responsibilities and reduced budgets for regulatory bodies. Additionally, the 'Clarity Act' could limit the SEC's authority by classifying most tokens as "digital commodities" under the CFTC, which operates with a budget one-sixth that of the SEC. The editorial also notes the near dismantling of the Consumer Financial Protection Bureau (CFPB), raising concerns about the potential for increased fraud and crime if the crypto industry expands under weak regulation. Bloomberg calls for the SEC and CFTC to collaborate on creating unified, adaptable digital asset trading rules and ensuring regulators have sufficient power and resources.