The Republican Party is having a very public argument with itself over whether it can actually pass another massive budget bill, and the answer you get depends entirely on which chamber of Congress you’re standing in.
On one side: former Senate Majority Leader Mitch McConnell, who on June 9 declared with characteristic bluntness that a third reconciliation bill simply isn’t happening. On the other: House Speaker Mike Johnson, who is trying to rally his conference to push a sweeping legislative package through “in the coming weeks.” For crypto markets hoping for regulatory clarity out of Washington, this internal standoff matters more than it might seem at first glance.
The Senate says no, the House says go
McConnell’s assessment was about as definitive as congressional forecasts get.
“It is safe to conclude there will not be another reconciliation bill.”
