U.S. Senate Crypto Bill Talks Stall as August 7 Recess Deadline Looms

According to Senator Adam Schiff, Democratic negotiators have not yet backed the Republican framework for a landmark cryptocurrency bill, signaling stalled talks. Schiff stated the legislation "needs significant improvements to gain Democratic support." Lawmakers face a narrowing window to advance the bill, with the Senate set to enter recess on August 7, leaving little time for floor action before the deadline.
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