U.S. House Sees Hiccup in Crypto Bills Procedural Votes as Freedom Caucus Objects
As it sped into Crypto Week on Tuesday, the U.S. House’s process toward passing digital assets bills ground to a sudden halt over a procedural vote as members of the House Freedom Caucus objected to the way some of the legislation has developed under Senate dominance.
The misfire on the procedural vote quickly slammed the crypto markets over uncertainty about the good news expected this week as the House has moved toward passage of two of the industry’s top priorities. The legislation still has strong, bipartisan support, suggesting the procedural mishap may be overcome as a further vote was scheduled for later Tuesday afternoon. More than a dozen Republicans joined Democrats in voting against the motion.
Two people familiar with the…
