Ex-Sen. Toomey Who Once Shepherded Crypto Legislation Sees No Path in Current Congress

Though the digital assets industry is desperate for regulatory clarity in the U.S., and is fighting legal skirmishes with the Securities and Exchange Commission (SEC) while it waits for answers, the long-awaited congressional solution isn’t coming any time soon, Toomey predicted at a Georgetown Law seminar Thursday on national security and digital assets. And the fact that the House Financial Services Committee has cleared multiple crypto bills for floor votes probably won’t make a difference, he said, even if they’re approved by the overall House.