The future of long-awaited cryptocurrency legislation in the U.S. Congress became uncertain after lawmakers rejected a procedural vote to consider the measures.
House Republicans had designated this week as “Crypto Week,” aiming to advance several bills designed to bring clarity and long-sought legitimacy to the digital asset industry.
However, their efforts hit an early roadblock on Tuesday when a group of conservative Republicans joined Democrats in blocking a procedural vote. This move prevented the consideration of three crypto bills, stemming from a disagreement over how the measures should be bundled and debated.
Following the vote, House Speaker Mike Johnson informed reporters that he plans to continue discussions with members and hopes for another vote soon.
