Republicans and Democrats tussled over the Trump family’s crypto ties, consumer protections, and backing stablecoins with fiat assets.
As day four of “Crypto Week” kicks off, US Democratic and Republican lawmakers remain divided on the future of key legislation that will shape the country's regulatory approach to digital assets.
Votes were anticipated on the Clarity Act, the GENIUS stablecoin bill and the Anti-CBDC Surveillance State Act, but progress has been slowed by political gridlock on amendments, including proposals to bar government officials from trading cryptocurrencies.
The fourth day of the so-called Crypto Week started on Thursday with US lawmakers in the House of Representatives debating consumer protections, anti-money laundering provisions, the development of a central bank digital currency, banking protections and preventing conflicts of interest in the executive branch.
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