The Senate is putting a pair of crypto bills on hold while it goes into recess.
Lawmakers will travel back to their home states, pausing bill votes until September.
Ultimately, this shelving only stands to benefit lawmakers as they wait for more clarity from around the government.
This week, the crypto news in Congress is that there is no news. Right now, legislators are slowing on crypto legislation as Congress winds down for an August recess. Two bills of note — both aimed at stablecoins — will be taking a backseat to other legislative priorities. In the meantime, though, one Republican lawmaker will be able to use the delay to find bipartisan support for his bill.
Summer time means summer vacation for some Congress members. Between Aug. 6 and Sept. 6, members of the Senate will go into recess and return to their home states. The recess is not a vacation, however; the break allows Senators to travel around and speak with constituents about hot-button issues. This helps lawmakers...
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