Crypto Bills Stalled as US Congress Lacks House Speaker

The US Congress is currently unable to make progress on crypto-related legislation due to the absence of a House Speaker. Since the ousting of former Speaker Kevin McCarthy, no legislation, including crypto bills, has been able to move forward. Several candidates are vying for the position, but it remains uncertain if any of them have enough support to win. In the meantime, the lack of a speaker halts progress on important crypto bills, leaving them on hold until a speaker is elected. However, some lawmakers have still been pushing anti-crypto policies within their power, while over 100 members of Congress have called for action on cryptocurrency's role in financing terrorism.