GOP Crypto Bill Stalls in Senate Committee, Raising Market Uncertainty

The GOP’s crypto bill has been held back by delays in the Senate committee process. Senator Lummis has raised concerns about insufficient preparation before moving forward, potentially impacting Bitcoin and Ethereum regulation. The delay comes as the SEC and CFTC navigate a division over classification of digital assets, leaving market participants uncertain about regulatory clarity. Key stakeholders await clearer guidance from these agencies before the bill can proceed.