Senate Banking Chair Tim Scott: 12-18 Dems May Vote for Market Structure Bill
The Senate only has a discussion draft out on market structure legislation so far, but Scott previously said he expects the bill to be done by the end of September.
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Senate Banking Committee
The Senate only has a discussion draft out on market structure legislation so far, but Scott previously said he expects the bill to be done by the end of September.
The Senate’s stablecoin bill’s issues may delay work on the far more important market structure legislation.
Two top financial regulators in the crypto space have a date with the Senate as SEC nominee Paul Atkins and OCC pick Jonathan Gould get a March 27 hearing.
FDIC Acting Chairman Travis Hill said the agency is overhauling its crypto approach, just as U.S. senators examined regulators keeping banks out of crypto.
David Sacks and the leaders of the congressional committees that will handle crypto legislation outlined their plans at a press conference.
U.S. Senator Elizabeth Warren has long been held up as the crypto industry’s chief opponent in Congress, and she’s now ascending to the role as the top Democrat in the Senate Banking Committee, where she’ll be heard from on the digital assets legislation that likely needs a sign-off from that panel.
Sen. Cynthia Lummis said the window is closing, but it’s not shut yet.
U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should “make it easy” for the crypto industry to innovate in the U.S.
Commissioner Caroline Crenshaw of the U.S. Securities and Exchange Commission (SEC) told senators on Thursday that rampant fraud in crypto markets left her unwilling to approve bitcoin exchange traded products earlier this year.
U.S. Senator Cynthia Lummis (R-Wyo.) said that the high-stakes Ohio election that could decide both the Senate majority and the leadership of the Senate Banking Committee is likely to dig into cryptocurrency issues, and she encouraged industry insiders to make sure it does.