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…

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