Crypto Sector Pursues US Congress After Landmark Bill Stalls
· Business · Bloomberg, Wall Street Journal
Cryptocurrency industry advocates remain engaged with US lawmakers despite a major legislative setback in Washington. Senators from both parties blocked a landmark digital asset market structure bill in a procedural vote, triggering a sharp drop in crypto-related stocks. The stalled legislation would have granted the CFTC primary regulatory authority over digital commodities. Blockchain Association representatives confirmed the sector will continue lobbying Congress for clear regulatory frameworks.
Why it matters
The blocked legislation leaves digital asset firms facing continued regulatory uncertainty under the SEC and impacts broader crypto market valuations.
Read the original report — Bloomberg
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