Crypto Bills Stall Again on the House Floor

“More cryptocurrency drama is unfolding on the House floor Wednesday, a day after conservative hard-liners foiled GOP leaders’ plans to advance a trio of regulatory bills,” Politico reports.

“The hard-liners climbed back aboard following a Tuesday night meeting with President Donald Trump and a last-minute negotiation Wednesday with House leaders that allowed the chamber to take an initial procedural step on the legislation. But the deal they cut — to merge the market-structure-focused CLARITY Act with a separate bill banning a central bank digital currency — has sparked backlash from members of the committees that crafted the legislation.”