What banks are worried about during the House’s ‘crypto week’
Adobe Stock/ Silverman Media
WASHINGTON — Despite promises from House leadership, bankers aren’t going to get their biggest concerns about a pair of crypto bills addressed before lawmakers send them to President Donald Trump’s desk.
House lawmakers were set to vote on stablecoin and market structure bills this week, part of what the lower chamber has dubbed, with much pomp and circumstance, “crypto week.”
Political drama has derailed that plan. The bills failed a key procedural vote on Tuesday afternoon after the Freedom Caucus — a group of the most right-wing lawmakers — demanded that the two bills combine with another one that would ban a Central Bank Digital Currency. What happens from here will depend on dealmaking…
