Is The Bill "Providing for consideration of the joint resolution (S.J. Res. 18) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions''; providing for consideration of the joint resolution (S.J. Res. 28) disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to ''Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications''; providing for consideration of the bill (H.R. 1526) to amend title 28, United States Code, to limit the authority of district courts to provide injunctive relief, and for other purposes; providing for consideration of the bill (H.R. 22) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; and for other purposes." Crypto Friendly?

The most significant aspect of this bill for the crypto industry is its facilitation of a vote on S.J. Res. 28. S.J. Res. 28 seeks to disapprove a CFPB rule that would broaden the definition of "Larger Participants" in digital consumer payment applications, thereby extending CFPB oversight to potentially include many crypto payment services, digital wallets, and other related applications. If the CFPB rule were to take effect, it would likely impose additional regulatory burdens, compliance costs, and potential restrictions on companies operating in the digital payments space, including those dealing with crypto. By providing a pathway to disapprove this rule, H. RES. 282 aims to prevent an expansion of regulatory authority over crypto-related digital payment applications. This action is considered pro-crypto as it reduces the potential for increased regulatory burden and removes a barrier to innovation by limiting the scope of a financial regulator that might apply traditional rules to novel digital asset services.