A sweeping cryptocurrency bill faces a narrowing path to passage as pressure grows on the Senate to take up the legislation next month.
The Senate's to-do list over the next few weeks is overflowing with priorities, from the annual defense authorization bill and renewal of the farm bill to revisiting a major housing package after President Donald Trump said on Wednesday he would not support it unless Congress first passes legislation requiring proof of citizenship to vote in federal elections. The housing bill also includes a provision to ban central bank digital currencies.
Time is running out to vote on those bills before lawmakers leave Washington for the August recess. When they return, the focus will shift to the November elections.
That leaves crypto legislation competing for limited floor time.
On Wednesday on Fox Business, Sen. Cynthia Lummis, R-Wyo., a key negotiator in talks to pass the broad crypto bill, said she expects a Senate vote next month.
