Senate Democrats Consider GOP Compromise on Crypto Market Structure Bill
- Senate Democrats held a private meeting to discuss a compromise proposal from Senate Banking Committee Republicans on a major cryptocurrency market structure bill.
- The proposal, crafted by Senate Banking Chair Tim Scott’s team, marks the first significant offer in weeks, though specific details remain undisclosed.
- Partisan disagreements, particularly concerning consumer protections, have delayed the bill’s progress.
- A potential markup of the bill in the Senate Banking Committee is anticipated in December.
- Bank CEOs, including Citigroup’s Jane Fraser and Bank of America’s Brian Moynihan, plan to meet with lawmakers to discuss crypto market legislation.
Senate Democrats are evaluating a Republican compromise on the crypto market structure bill amid ongoing partisan disputes. The proposal could lead to a committee markup in December as momentum builds for legislative progress.
Source (3.2)https://cryptobriefing.com/democrats-gop-crypto-market-bill-cftc-bipartisan/?rand=59535
