How to kill a crypto bill

Congratulations, senators. You’re moving ahead on legislation to regulate the crypto industry! You’ve got a big vote coming up on the other side of the Memorial Day recess.

Unfortunately for you and your staff, recess means downtime, and downtime means lobbying. We’re expecting an influence-peddling bonanza in the days ahead that may have little to nothing to do with how best to regulate stablecoins. The blitz could determine whether the high-profile crypto bill makes it out of the Senate.