The cryptocurrency bill being negotiated by House Financial Services Committee Chairwoman Maxine Waters (D-CA) and Ranking Member Patrick McHenry (R-NC) is facing bipartisan resistance, thus making it unlikely that a vote will be held on the bill this week despite Waters indicating that she hoped to make progress on the bill this week. Members including Rep. Warren Davidson (R-OH) have voiced concerns about the draft text released last week, and he said he is “hopeful that the Financial Services Committee can resolve differences and settle on good legislation in either Q4 2022 or Q1 2023.”