Crypto Regulatory Bills Face Republican Roadblock
House Republican leaders’ plans to advance three industry-backed cryptocurrency regulatory measures have encountered unexpected resistance, as GOP conservatives broke ranks with President Donald Trump on the proposed legislation. A faction of Republican hardliners is insisting on alterations to a Senate-approved stablecoin regulation bill, despite previous efforts by House leaders to prevent amendments. Representatives Marjorie Taylor Greene of Georgia and Tim Burchett of Tennessee are among the conservatives pushing for these changes.
Greene, a Trump ally, has stated her intention to amend the stablecoin legislation to incorporate a provision that would prohibit the Federal Reserve from issuing a digital currency. The House was…
