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The bank and crypto industry have both argued those changes would impose unprecedented costs on banks to provide custody services

House passes challenge to crypto bulletin

The House approved a Congressional Review Act challenge that would overturn a controversial piece of Securities and Exchange Commission guidance imposing restrictions on banks that want to provide custody services for digital assets.

The House voted 228-182, with 21 Democrats joining Republicans to advance the CRA resolution.

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Punchbowl News Presents

Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.