Some experts suggest a government funding bill is more likely to pass first. Is crypto legislation stalling? 👇https://t.co/v76cqP3YSQ ...

🇺🇸 NEW: Republican Senator Thom Tillis warns Congress has only until January or February to pass crypto legislation before election politics stall progress.Is the window closing on US crypto regulation? https://t.co/FvE20eRUt6 ...

Today, Bitcoin retreats to the $18,000 level. Coinbase announces it's acquiring crypto investing platform Echo. And Chain Link's Sergey Nazerov explains what was discussed during meetings with lawmakers on Capitol Hill this morning aimed at pushing crypto legislation forward.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Digital currencies are giving back the gains they made earlier in the week.By noon Eastern, Bitcoin dropped to the $18,000 level after crossing above $113,000 yesterday. Ether fell back ...

Regulatory Landscape - US crypto legislation signed into law by President Donald Trump is prompting stablecoin issuer to consider US operations [1] Stablecoin Industry - World's largest stablecoin issuer is planning to potentially re-enter the US market [1]

Regulatory Concerns - Industry expresses concern that Yellen has reservations about Bitcoin and crypto legislation due to a lack of understanding [1] - Legislation is viewed as a means to provide consumer protections within the crypto space [1]

Regulatory Concerns - Former Fed Chair Janet Yellen expresses "concerns" regarding recent crypto legislation [1]

Regulatory Concerns - Industry faces potential regulatory hurdles due to concerns expressed by Yellen regarding Bitcoin and crypto legislation [1] - Legislation aims to provide consumer protections within the crypto space [1] Market Sentiment - Negative sentiment expressed towards current crypto legislation [1]

Regulatory Concerns - Former Fed Chair Janet Yellen expresses concerns regarding recent Bitcoin and crypto legislation [1] - Industry anticipates similar concerns as expressed in 2013, 2017, and 2021 [1]

Regulatory Landscape - The Genius Act, a "rules of the road bill" for stablecoins, has been signed into law [1] - The Clarity Act, which aims to define market structure for digital assets by distinguishing commodities from securities, is a key priority for the crypto industry [2] - The Clarity Act passed the House but needs to go through the Senate [3] - Senators Cynthia Lumis and Rick Scott are expected to release their version of the Clarity Act later this month [3] - Bipartisan support in the Senate is necessary for the Clarity Act to pass, requiring collaboration between parties to reconcile House and Senate versions [3] Industry Outlook - The crypto industry views the signing of the Genius Act as a positive step, but considers the passage of the Clarity Act as the ultimate goal [1][2] - Despite the celebratory atmosphere, the crypto industry's objectives are not yet fully achieved [4]

Legislative Focus - The GENIUS Act has been signed into law, marking a significant step in crypto legislation [1] - The CLARITY Act is the next major piece of crypto legislation under consideration [1] CLARITY Act Implications - The CLARITY Act aims to protect developers of non-custodial Bitcoin and crypto technology [1] - Passage of the CLARITY Act is considered essential for the crypto industry [1]