it looked like this thing was adopted and then at the last minute, richard shelby decides he doesn'tto give unanimous consent for the legislation to move forward because he doesn't think there is enough military spending in there. . that is what ends up happening. sonali:. sonali: a lot of whiplash here. what can happen next to get concessions made for crypto? jodi: they do have a few avenues. it is not all done quite yet. the house has to pass this legislation. the senate goes home, the house will come back in september and may make changes. however, the senate would then have to adopt those changes because you need the language. interesting is the irs. they will essentially implement rules that will basically interpret the law and that takes a long time. but it was a good shot, but they did not quite make it through this time. caroline: jodi schneider, bloomberg political news director. don't miss the program tomorrow focused on u.s. cpi data and inflation, of course. announcer: from the heart of where innovation, money, and power collide in silicon valley and beyond, this "bloombe

someone objected read richard shelby, the republican of alabama, he wanted a defense provision in exchangeaybe the house could do it. maybe they could attach it to another bill. but for right now, we are kind of pasty point of no return in that cryptocurrency measure -- past the point of no return in that cryptic currency measure is not on the inverse rebel. it -- that infrastructure built. jonathan: it seems the industry is getting very good at lobbying downing d.c. -- down in d.c. lisa: the fact that this was such a point of contention and that they won in pushback to some degree, they are keeping their lobbyists in washington. jonathan: i wonder how money calls went to president dudley, former new york fed president, when he said the following. "quantitative easing has sustained able market in bonds beyond what is can -- sustained a bull market in bonds beyond what is fundamental. this is to be taken off the table before the fed's largess ends." maybe we will get a yield forecast in the coming months from mr. dudley. lisa: do you think we are going to get an end to the fed's largess? le