House Democratic leaders won't whip against crypto bills

House Democratic leaders will not whip against the landmark cryptocurrency bills that will be on the floor later this week despite opposition from the party’s top member on the Financial Services Committee.

The decision highlights an ongoing split on the left over the risks and rewards of digital assets.

A notice sent to Democrats on Monday by Whip Katherine Clark’s office, which was obtained by POLITICO, sharply criticized both a crypto market structure bill and a Senate stablecoin measure that the lower chamber is slated to vote on, but did not tell members how to vote.

The industry-backed bills are poised to split Democrats on the House…

Read the full article at POLITICO.COM