Pot Banking, Stablecoin Bills Hit Hurdles With Speaker Johnson

Prospects are dimming for fast-track congressional consideration of legislation to open banking services to marijuana businesses, regulate stablecoins and promote more competition on credit-card swipe fees.

House Speaker Mike Johnson has told lawmakers he opposes efforts to attach unrelated measures to critical legislation to reauthorize the Federal Aviation Administration, a person familiar with his discussions told Bloomberg News. Backers of those bills had sought to use that maneuver to win quick approval for the legislation.

Senate Republican leader Mitch McConnell also is signaling he will continue to oppose the marijuana banking bill. McConnell has previously helped block the bill. ...