House Republican leaders struggled Wednesday to resolve an impasse with GOP hardliners on crypto legislation backed by President Donald Trump, holding open a key procedural vote as talks dragged on.
The dispute centered on the conservative holdouts’ demands to include a provision prohibiting the Federal Reserve from issuing digital assets in a broader crypto market structure bill.
Hardliners met with House Speaker Mike Johnson and key Republican supporters of the crypto legislation in a room just outside the House chamber Wednesday afternoon as party leaders kept open the procedural vote.
Combining the two bills would risk Democratic support, threatening passage in the Senate, said a pro-crypto Democrat who asked not to be identified.
The president claimed to have convinced the holdouts to move forward with legislation after meeting with a group of them late Tuesday night at the White House.
(Credit: Shutterstock)
Copyright 2025 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.