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It’s also worth noting that if no bill on the topic becomes law, the SEC will continue to be the de facto body regulating crypto, meaning proponents of SEC enforcement may be less eager to back legislation at the moment.

No bill appears to be forthcoming, but leaders of both parties haven’t entirely ruled one out.

Shortly before Sunak began taking questions, he attacked Labour by saying "the Labour Party have no plan, no treaty, no bill".

“I’d rather have no bill than a bad bill,” Trump said over the weekend in Las Vegas.

The grand jury returned what is known as a no bill, meaning it chose not to indict.