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Trump-backed crypto regulation bills fail to clear key hurdle in Congress

35d ago
Business
CNBC
Business strategy
Cryptocurrency regulation bills, supported by former President Trump, failed to advance in Congress due to opposition from Republicans. Concerns centered on the structure of the proposed legislation, suggesting disagreements on the appropriate scope and implementation of crypto regulations. This setback highlights the ongoing political challenges in establishing a clear regulatory framework for the rapidly evolving cryptocurrency market. Further debate and compromise will be necessary to bridge the divides and create effective legislation that addresses both the potential benefits and risks associated with digital assets.
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