Analysis-US crypto industry comes to Washington, but faces uphill struggle

By Hannah Lang - Crypto companies are descending on Capitol Hill on Wednesday, but their push to advance industry-friendly laws is likely to be overshadowed by a fight over the federalBy Hannah Lang

But with lawmakers focused on averting a government shutdown and other competing bills that must pass this year, including the Farm Bill and National Defense Authorization Act , the industry may struggle to be heard. The crypto delegation on Wednesday includes Coinbase CEO Brian Armstrong, who is meeting with Democrats and Republicans from both chambers of Congress, a spokesperson said. It also includes an executive from OpenSea, the top non-fungible token marketplace.

The outcome is uncertain, said Mark Hays, senior policy analyst at Americans for Financial Reform and Demand Progress.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis-Harsh reality of 'higher-for-longer' rates looms over US stocksAs the Federal Reserve’s hawkish stance boosts Treasury yields and slams stocks, some investors are preparing for more pain ahead. For most of the year, equity investors brushed off a rise in Treasury yields as a by-product of better-than-expected economic growth, despite worries that yields could eventually weigh on stocks if they rose too high. Those concerns may be taking on fresh urgency after the Fed last week forecast it would leave rates elevated for longer than many investors were expecting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Analysis-Harsh reality of 'higher-for-longer' rates looms over US stocksBy Lewis Krauskopf, David Randall and Carolina Mandl NEW YORK (Reuters) - As the Federal Reserve’s hawkish stance boosts Treasury yields and slams ...
Source: SaltWire Network - 🏆 45. / 63 Read more »