Congress hands the crypto industry two wins and a loss before August recess
Publishing timestamp: 2023-07-28 18:35:56
Summary
Lawmakers have made progress in regulating digital assets, with two bills advancing in the House Financial Services Committee. One bill establishes a regulatory framework for payment stablecoins, while the other provides oversight for digital assets. However, the Senate has included measures to examine crypto's involvement in illicit financing and money laundering in a defense funding bill. The article suggests that while the crypto industry has achieved some victories, there may be challenges ahead.
Sentiment: MIXED
Keywords: government and politics, amazon.com inc, walmart inc, u.s. economy, business news, politics, breaking news: politics, meta platforms inc,
Source: https://www.cnbc.com/2023/07/28/congress-hands-the-crypto-industry-big-wins-.html