Senator Thom Tillis warns Congress has limited time to pass crypto legislation before 2026 midterm elections could stall progress. House bill on market structure under consideration in Senate. Tillis urges action by early 2022. Shutdown complicates legislative process. CLARITY Act among stalled bills. Senator Lummis confident in passing Responsible Financial Innovation Act.

SEC official Michael Selig nominated by President Trump to lead CFTC, key regulator for crypto companies. Confirmation hearing not scheduled. Selig’s appointment could impact crypto industry regulation in the US. Magazine review on wild history of Mt. Gox and Silk Road available.

Read more at Cointelegraph: Republican Senator Says There’s a Small Time Frame for Passing Crypto Bill