Senate Republicans and President Donald Trump are attempting to jam the House again. This time, it’s all about cryptocurrency.
The looming conflict, like the megabill saga, is over how large and how soon Hill Republicans should fulfill one of Trump’s most famous campaign promises. In this instance, the emphasis lies on Trump’s commitment to establishing the United States as the global hub for cryptocurrency.
The Senate enacted a bipartisan bill last month to bolster a certain segment of the crypto ecosystem—so-called stablecoins—but the House GOP is now debating whether to go farther. It’s preparing for a full-fledged “crypto week” to make its case when House lawmakers return next Monday.
