House Democrat Power Play Halts Crypto Regulation Hearing—Market Left in Limbo
A key House Democrat is slamming the brakes on a critical crypto market structure bill—just as the industry braces for clearer rules. The move throws regulatory uncertainty back into the ring, leaving traders and institutions guessing (and hedge funds scrambling to reposition their narratives).
Backroom blockade: The unnamed ranking member wields committee power to stall progress, citing—what else?—’consumer protection concerns.’ Never mind that Wall Street’s legacy players still get away with daylight robbery via payment-for-order-flow schemes.
Market fallout: Crypto lobbyists fume as the delay prolongs the SEC’s regulation-by-enforcement approach. Meanwhile, Bitcoin barely flinches—because when has political theater ever stopped a bull run?
