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US crypto regulation stalls as lawmakers warn of falling behind global competitors for years

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1 hour ago

It was a mega bill.About megabytes.And mega-dollars.But, hacked – by a lack of consensus.The Senate Banking Committee canceled a scheduled meeting last Thursday to write a bill establishing marketplace rules for cryptocurrency and other digital assets. This was a long-awaited session for a bill lawmakers, aides and lobbyists have worked for – and against – for years. US FACING BIG POWER CRUNCH DRIVEN BY EXPLOSIVE AI GROWTH, CEO WARNSBut the glitch in the Congressional matrix stymied the legislation.This was the legislative version of Control+F7."It was a blow," lamented Sen. Cynthia Lummis, R-...

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