Cryptocurrencies Face Renewed Pressure After US Fails to Advance Key Regulatory Bill

Cryptocurrencies faced renewed pressure after the US failed to advance a key regulatory bill, bruising industry sentiment just ahead of a potential interest-rate hike from the Federal Reserve. According to Bloomberg, the setback came as markets looked ahead to the possible move by the central bank. The failed effort to advance the bill added to pressure on the cryptocurrency sector, according to the report.