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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