Senate races to advance crypto legislation in July as housing bill turmoil threatens timeline
The Block·
60-second summary
The Senate is racing to advance a sweeping cryptocurrency bill in July, but a housing bill turmoil threatens to derail the timeline. Senators face mounting pressure to take up the legislation next month, which aims to regulate the crypto industry, amidst growing concerns about market stability and investor protection, potentially impacting the market's volatile nature.
A sweeping cryptocurrency bill faces a narrowing path to passage as pressure grows on the Senate to take up the legislation next month.