Dueling Crypto Plans Pit White House Against Key Democrat (1)

The cryptocurrency industry was braced for a big win in the infrastructure bill Thursday evening -- a bipartisan amendment that would scale back proposed surveillance over digital asset transactions -- but it’s now facing uncertainty after a last-minute competing plan popped up.

The conflict was one of several issues that cropped up Thursday night and stymied Senate Majority Leader Chuck Schumer’s attempt to get unanimous agreement among lawmakers to pass the $550 billion bipartisan infrastructure bill on an expedited timeline. The Senate adjourned just after midnight with a plan to resume Saturday to finish passing the legislation.

The two ...