Republican senator warns time is running out to pass US crypto bill: Report
Senator Thom Tillis warned Congress has until early 2025 to pass crypto legislation before election politics interfere.Summary
Republican Senator Thom Tillis, a member of the US Senate Banking Committee, reportedly cautioned that Congress has a very limited window, specifically until January or February, to advance significant cryptocurrency legislation during the current session before the 2026 midterm elections stall progress. Tillis expressed pessimism about moving forward on digital assets, stablecoins, or crypto legislation in the current Congress, which concludes in January 2027. His comments arrived amid a US government shutdown that began on October 1st due to disagreements over funding, which has also stalled crypto-related bills like the CLARITY Act passed by the House. Senate leaders had previously hoped to build upon that House bill to pass market structure legislation.
(Source：Cointelegraph)