The post On the Margin Newsletter: An update on crypto bills…and mining stocks appeared on BitcoinEthereumNews.com.

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s shortened holiday edition: An update from Capitol Hill and what the crypto industry is watching for.  A look at bitcoin miners — and their share prices — two months after the halving. Crypto’s time crunch  Election season is well underway, which means the political ads are ramping up and the lawmaking process is ramping down.  May was, generally speaking, a productive month for crypto legislation. The first-ever crypto-focused bill made it through both chambers of Congress with bipartisan support (the anti-SAB 121 bill) and a second bill passed the House with plenty of Democrats on board (FIT21).  Progress has now stalled, however.  Unfortunately (or fortunately, if you’re Gary Gensler), President Biden vetoed the SAB 121 bill (no surprise there, as a president always backs his agency heads).  As for FIT21, it is now collecting dust in the Senate. The bill’s advocates have conceded the Senate will make some changes, but a timeline for when it could be marked up — let alone voted on — remains elusive.  Senate floor time is gold, according to Blockchain Association government relations director Ron Hammond — and at the end of the day, it’s Sen. Chuck Schumer who calls the shots. Although, it’s worth noting that Schumer voted in favor of overturning SAB 121, so maybe he will prioritize getting crypto on the agenda after all.  Also in the Senate are rumors that Sen. Debbie Stabenow is trying to revive the Digital Commodities Consumer Protection Act of 2022 (DCCPA), a bipartisan effort to give the CFTC more control…

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Filed under: News - @ June 19, 2024 10:16 pm