US Senate Democrats plan to restart discussions on a cryptocurrency market structure bill later today.
PANews reported on February 4th that, according to Crypto In America, US Senate Democrats plan to reconvene on the afternoon of February 4th to discuss legislation concerning the structure of the crypto market. This is the first key meeting of minority members supporting crypto policy since the Senate Banking Committee postponed the Clearance Act last month, aiming to coordinate positions on core issues such as ethics and DeFi. Prior to this meeting, Democratic senators and their teams have consulted with representatives of the crypto industry multiple times in the weeks following the bill's postponement. It is unclear whether stablecoin yields will be on the agenda, a key point of contention that led to the sudden halt in deliberations in January.
The report indicates that representatives from the crypto industry and the banking sector held "constructive" talks on this issue at the White House on February 3. Patrick Witt, executive director of the White House Crypto Council, described the meeting as "fact-based and solution-oriented" and expressed confidence in resolving the differences. According to attendees, Witt urged all parties to reach an agreement by the end of the month at the conclusion of the meeting. The White House and the Senate Banking Committee previously stated that they would not set a new date for deliberations until the outstanding issues were resolved.
You May Also Like
Recovery extends to $88.20, momentum improves
Saudi Awwal Bank Adopts Chainlink Tools, LINK Near $23
U.S. regulator declares do-over on prediction markets, throwing out Biden era 'frolic'
Copy linkX (Twitter)LinkedInFacebookEmail