Key Crypto Bill Stalls in US Senate Amid Industry Opposition
A long-anticipated effort to set federal rules for crypto stalled last week after the Senate Banking Committee abruptly canceled a planned meeting to begin drafting the legislation. The session was expected to mark a key moment for a bill that has been fought over for years by lawmakers, industry leaders, and financial institutions. Senator Cynthia Lummis, who has been one of Capitol Hill’s strongest champions of crypto, described the delay as a major setback. The Senate, she suggested, was attempting to move cautiously through a rapidly evolving sector, but the effort quickly unraveled. Industry reaction was swift. Coinbase chief executive…





