Right-Wing Revolt Over Crypto Signals Angst Over Digital Dollar

An internal Republican fight over a drive to prevent the US government from issuing a crypto “digital dollar” ground activity in the House to a halt this week as the party’s right flank fought to ensure the ban would become law.

Digital asset prices briefly faltered during ultra-conservatives’ two-day revolt, which held hostage a pair of industry-backed bills to regulate stablecoins and other cryptocurrencies, and left GOP leadership scrambling to appease the hardliners.

Ultimately, both the industry-backed regulatory measures passed the House after the conservatives received assurances they would get a chance to attach the ban to other legislation, and ...