Burchett and Trump Reach Agreement on Private Crypto Transactions Amid House Stalemate

Tennessee Representative Tim Burchett announced a late-night agreement with former President Donald Trump and GOP leadership to maintain privacy in cryptocurrency transactions, likening them to cash. The deal comes as Republican efforts to advance three key crypto bills faced unexpected resistance this week.

The legislative push, dubbed "crypto week," stalled when some Republicans aligned with Democrats to block a procedural vote. TRUMP intervened during an evening meeting at the White House, expressing confidence the bills would reach a Wednesday vote. Internal GOP divisions persist, with conservatives demanding explicit prohibitions against a Federal Reserve digital dollar.

Burchett, among the hardline Republicans, suggested prior consensus had been reached on privacy protections. The impasse highlights ongoing tensions as the party seeks to establish industry-friendly regulations while navigating ideological rifts.