The clash illustrates the fluid politics around crypto policy following a boom and bust.
to overhaul cryptocurrency regulation is dividing senior Democrats, giving Republicans an opening to advance their legislation with at least some bipartisan support.
House Republicans who drafted the legislation argued Wednesday that it was an attempt to fill gaps in the existing regulatory regime and to deter digital asset firms from leaving the U.S. for other countries with crypto-specific rules. said. Republicans spent the last few weeks tweaking the plan to draw more Democrats, including by agreeing to giveto implement the legislation. But they appeared to make no progress with Waters and other crypto skeptics on her side of the aisle, including Reps.“You don’t need to invent new regulatory structures simply because crypto companies refuse to follow the rules of the road,” Waters said.
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