House Dems Get Bonus Hearing on Crypto Market Structure, Assail Trump Conflicts
Maxine Waters, the top Democrat on the House Financial Services Committee, pressured an additional hearing on the crypto market structure bill.
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Maxine Waters, the top Democrat on the House Financial Services Committee, pressured an additional hearing on the crypto market structure bill.
Two House of Representatives hearings dug into the details of the current legislation to regulate U.S. crypto markets, but Trump loomed over the discussions.
Senator Bill Hagerty, who backed the Senate’s version of the legislation, predicted the body will “make history” next week by passing the bill.
A legislative draft obtained by CoinDesk shows a marginally revised version despite Democrats citing “major victories” in the Senate negotiation.
Once-allied Democrats continue to drag their heels on the first big crypto bill, leaving a key vote in doubt as GOP Majority Leader Thune calls for action.
As a successor to the so-called FIT21 bill in the last session, the committee chairs in the House have released a discussion draft of a market structure bill.
The country is falling behind other nations in developing a welcoming environment for crypto companies.
Patrick McHenry, the ex-lawmaker who championed last year’s crypto legislation, also said he expects a role to be found for Tether in the U.S. stablecoin field.
The Digital Chamber’s founder and longtime CEO, Perianne Boring, is stepping into a board chairman role as Cody Carbone takes over the leadership.
Texas’ bitcoin strategic reserve bill clears its senate, while New Hampshire marks a committee win and Utah teeters on a deadline this week.