Proposed crypto bills in the United States are set to face a delay in approval, with the legislative timeline pushed to early 2024. The delay is attributed to recent disagreements among House Republicans, specifically in selecting a new speaker. Rep. Patrick McHenry’s temporary role as stand-in speaker, amidst internal conflicts, has impeded floor time for lawmakers to discuss the crypto legislations. Senator Hill and Senator Cynthia Lummis acknowledge the setback but express optimism that discussions on the stablecoin bill may progress in early 2024. Source: Coinspeaker.com
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