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U.S. Republican Lawmakers Say Crypto Legislation Not Yet Off the Table for This Year

Author: Content Editor
U.S. lawmakers, Rep. Patrick McHenry and Sen. Cynthia Lummis, are optimistic about the chances of passing crypto oversight legislation before the end of the year. They believe that attaching crypto matters to must-move legislation during the lame-duck session of Congress could lead to a bipartisan agreement. If delayed, Lummis predicts that widespread U.S. regulation may not occur until late 2025, emphasizing that Europe is already ahead. McHenry, who led a successful digital assets bill earlier this year, acknowledges the uncertainty but believes he has set a foundation for future legislation. Lummis also advocates for the creation of a Bitcoin strategic reserve.

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