Lates News

The efforts of the US Senate to pass a landmark cryptocurrency bill suffered a setback as Democratic negotiators stated that they have not yet supported the latest framework proposed by the Republicans. Democrats remain skeptical of the Republican's latest negotiating position, signaling significant challenges for the bill. Senator Adam Schiff stated that the bill "needs substantial improvements to gain Democratic support." Time for lawmakers to review the legislation is very limited, with some senators pointing out that the Senate may have almost no time to act before going into recess on August 7.