Crypto Legislation Faces Small Window in Congress, Tillis Says

Political pressures will make it too difficult to move legislation sought by both parties to regulate and tax cryptocurrencies if Congress doesn’t act in the next few months, a key lawmaker said on Monday.

“I’m not optimistic about us moving much further on anything around digital assets, stablecoins, or crypto in this Congress,” Sen. Thom Tillis (R-N.C.) told Bloomberg Government reporters and editors. “If we don’t get it done by the first part of January, February, then I don’t think it happens in this Congress. I think we move into the political season.”

The digital assets industry is hoping lawmakers ...