Crypto faces a Sisyphean struggle: Legislative progress resets when the new Congress takes office

- The timeline for crypto legal regulations in the U.S. will go back to the beginning when the new Congress takes office
- Key Senate sponsors for the bill will not run for re-election, leading to a loss of legislative momentum
- Cato Institute's Ryan Chan-Wei analyzes the risks of resetting the regulatory process
- The RSS source has not yet provided specific details about which bill is affected

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Source: CoinDesk