Two leading U.S. lawmakers pushing for cryptocurrency regulation, Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.), remain hopeful of passing legislation before the end of the year.

- Lummis said efforts in the Senate Agriculture Committee could lead to a bipartisan agreement.

- If regulation is delayed until the next session of Congress, it could be pushed back to late 2025.

- McHenry said the bill, co-sponsored by 71 Democrats, has shown “significant momentum.”

- The legislation will likely be tied to a spending package that requires congressional approval this year.