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November 8, 2023

Chances of Success for New Crypto Bill in U.S. House of Representatives

Natasha Fernandez
Written byNatasha FernandezWriter
Researched byNikos PapadopoulosResearcher

Introduction

A new crypto bill has been introduced in the U.S. House of Representatives. However, neither of the bill's authors holds prominent positions on committees or is part of the House leadership. This raises questions about the bill's chances of success.

Chances of Success for New Crypto Bill in U.S. House of Representatives

Existing Efforts

Several senior lawmakers have already introduced crypto bills that address security issues. Some of these bills have received approval from full House committees and are further along in the legislative process.

Unlikely to Take Precedence

Given the progress of the existing crypto bills, it is unlikely that the new measure will jump ahead in line. The more senior lawmakers and their bills are expected to take precedence.

Conclusion

While a new crypto bill has been introduced in the U.S. House of Representatives, its chances of success may be limited due to the authors' lack of prominent positions and the progress of existing bills. It remains to be seen how this new measure will fare in the legislative process.

About the author
Natasha Fernandez
Natasha Fernandez
About

Natasha "CryptoQueen" Fernandez bridges the gap between blockchain buzz and casino charisma. From New Zealand's serene landscapes to the volatile world of crypto, she's making waves in the online gaming sphere. With CryptoCasinoRank, she paints a future where chips meet chains seamlessly.

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