The Block reports that supporters of the legislation are aiming to move the measure before the Senate's August recess, with updated legislative text expected this week. Rep. William Timmons, a Republican from South Carolina, says the bill remains one of the president's priorities and retains bipartisan backing in Congress. He says lawmakers are going to get it done, though he acknowledges the timeline could slip into the next few months as the Senate and House work through the final steps. The measure would establish the first comprehensive federal framework for regulating the crypto industry. The House passed its ... (full story)