Senate frustration over housing legislation stalled in the House is imperilling a push to enact major changes to the financial system for the sake of the crypto sector.
Here’s the news. Sen. John Kennedy (R-La.) is withholding his support for market structure legislation partly due to frustrations with the White House over the 21st Century ROAD to Housing Act, according to four sources with direct knowledge of Kennedy’s concerns.
Kennedy has voiced his frustrations with the White House over the Senate’s housing bill before. But holding up the Senate Banking Committee’s crypto bill would be a significant escalation of his tactics.
