Lauren Feiner

The House voted against a procedural step to advance a slate of three President Donald Trump-endorsed crypto bills that would regulate stablecoins, determine who can regulate cryptocurrency, and prevent the Federal Reserve from issuing a central bank digital currency. Thirteen Republicans defied Trump’s encouragement to advance the legislation amid disputes about whether the bills should be combined in a vote. It’s not clear what happens next, but Crypto Week might not be done just yet.

As part of an initiative to purge its own regulations, the FCC says it’s removed rules (that hadn’t taken effect) to reclassify broadband providers as common carriers. They were already struck down by a federal appeals court, but advocates can still appeal to the Supreme Court. Free Press General Counsel Matt Wood says the deletion, which came without advanced notice, is “a premature housekeeping step,” that helps “score points with broadband monopolies and their lobbyists.”

The Justice Department released an unsealed indictment against Oak View Group CEO Timothy Leiweke, alleging he conspired with competitor Legends Hospitality to rig the bids for an arena project. Leiweke allegedly convinced Legends not to bid on the project in exchange for subcontracts he later reneged on. The DOJ says Oak View and Legends cooperated and entered non-prosecution agreements, including penalties of $15 million and $1.5 million, respectively.