The crypto bill is falling apart in Congress
Rep. Glenn Thompson (R-PA), from left, Sen. Tim Scott (R-SC) Sen. John Boozman (R-AK), Rep. French Hill (R-AK), and David Sacks, White House Artificial Intelligence (AI) and Crypto czar, during a news conference on Capitol Hill in Washington, DC, US, on Tuesday, Feb. 4, 2025. | Ting Shen/Bloomberg via Getty Images.
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Last week, when I was tracking Coinbase's opposition to the Clarity Act, I kept hearing the same fear from worried DC insiders: The crypto industry was running out of time to pass a bipartisan market structure bill that would actually give them a favorable outcome. The midterm elections are imminent, and Congress will switch to campaign mode in the upcoming weeks, mean …