Negotiations stall on major crypto legislation
WASHINGTON, D.C. — Hopes of passing a new law this year to regulate cryptocurrency are fading as negotiations have stalled in the Senate along partisan lines.
What You Need To Know
- Negotiations haved stalled on crypto regulation legislation in the Senate along partisan lines
- The legislation would define how digital assets are classified and which agencies will regulate them
- Senators are meeting with crypto industry business leaders this week
Since President Donald Trump signed a law regulating stablecoins over the summer, momentum has been building to pass a law regulating all cryptocurrency. The fact that Senators are working on the legislation during the government shutdown underscores the urgency of regulating an…
