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The Week In Crypto Policy - House Speaker Race & Transaction Reporting Bill
This week, we look at the race for Speaker of the House and a new bill that would require crypto transactions to be reported to CFTC-registered repositories.
Key Insights
- The House Speaker race could delay floor time for crypto legislation, but could end with pro-crypto Members moving up in leadership.
- Rep. Don Beyer (D-VA) introduced a bill that would require digital commodity sales and swaps to be reported to CFTC-registered repositories.
The Speaker Race & Crypto Policy Implications
In short, the path forward in the House for crypto legislation—and really any legislation—is unclear and delayed until a Speaker is elected.
Why is the Speaker of the House so important?
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George Leonardo is the founder of Cap Hill Crypto, a solo-entrepreneur venture focused on providing nonpartisan insights and analysis on U.S. federal crypto policy. Previously, he worked on Capitol Hill for Senator John Cornyn and as a litigation associate at Milbank LLP.