Senate Crypto Bill Talks Stalled Amid Regulatory Uncertainty
U.S. lawmakers face gridlock in finalizing crypto legislation, with Senator Bernie Moreno cautioning against rushing a flawed bill. The House passed its version in July, but Senate negotiations remain contentious as the Banking Committee drafts language to clarify SEC/CFTC roles.
Markup hearings may slip to 2024, reflecting deepening partisan divides over how to regulate digital assets without stifling innovation. 'No better deal than a bad deal,' Moreno emphasized, signaling hardened positions ahead of mid-December talks.