Remember when crypto was the hot new tech that Silicon Valley was telling Washington would change everything? AI has pretty clearly overtaken that conversation in Congress, where Joseph Zeballos-Roig reports that once-urgent discussions of new crypto legislation are slowing down. While House Republicans are still holding hearings, the Senate seems less inclined to legitimize cryptocurrency with new regulations after another week of high-profile SEC actions against major crypto platforms.
The debt ceiling fight is over and the House Freedom Caucus is back to doing what they do best: Giving leadership fits. Kadia Goba breaks down yesterday’s revolt over a rules vote on a bill to protect gas stoves, which led to an embarrassing defeat that hasn’t happened in more than twenty years. This seems more like a brushback pitch from conservatives than a bench-clearing brawl to me, but it’s a reminder that Speaker Kevin McCarthy’s position is still tenuous.
Semafor’s permitting reform event on Wednesday featured a robust discussion between host Steve Clemons and lawmakers, industry stakeholders, and environmentalists trying to find the sweet spot for a bipartisan deal. Sen. John Hickenlooper talked about the need for new transmission lines, Sen. Joe Manchin discussed safeguarding critical minerals for EVs and renewable energy, and Rep. Nancy Mace discussed the GOP’s slow evolution on climate issues. It also featured a rousing edition of “Take Me Home, Country Roads” from protesters upset over Manchin’s successful lobbying to approve the Mountain Valley Pipeline in the debt limit deal. You can catch up on the highlights here.
Plus, Morgan Chalfant texts with Sen. Chris Murphy, D-Conn. about the shock news of a merger between the PGA and the Saudi-backed LIV Golf.
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