US Crypto Bill Faces Republican Roadblock
A trio of cryptocurrency regulation bills in the US Congress faces an uncertain future amid growing infighting among Republicans. Despite broad-based support, the legislation has stalled due to opposition from conservative House Republicans. Fresh opposition emerged from a new bloc of Republicans objecting to last-minute changes proposed to appease original hold-outs. As of Wednesday afternoon, negotiations remain ongoing, but more than half a dozen Republicans voted against letting two of the regulation bills proceed in their current forms. House Speaker Mike Johnson can only afford to lose a few Republican votes to pass the measures.
The stalemate has fuelled doubts about the House Republican conference’s ability to align on…
