Senators Scramble as Crypto Fissures Threaten Key Bill
13 Articles
13 Articles
Senators scramble as crypto fissures threaten key bill
Senators are scrambling to find a way forward on key cryptocurrency legislation after the Senate Banking Committee postponed a highly anticipated markup following the loss of a major industry player’s support. Late Wednesday, Senate Banking Chair Tim Scott (R-S.C.) announced he was delaying Thursday morning’s markup of the crypto market structure bill. The Senate markup…
Grassley, Durbin raise concerns about Tim Scott’s crypto bill
Senate Banking Chair Tim Scott’s push to pass sweeping new cryptocurrency regulations has a Chuck Grassley problem. The Senate Judiciary chair is raising concerns alongside ranking member Dick Durbin (D-Ill.) about a section of the bill that would exempt...
Senate Delays Crypto Bill After Coinbase Withdraws Support
The Senate Banking Committee postponed a scheduled vote on major cryptocurrency legislation on Thursday after Coinbase (NASDAQ: COIN), the largest US crypto exchange, withdrew its support hours before the hearing. Committee Chairman Tim Scott announced the delay late Wednesday, saying bipartisan negotiations would continue. Scott did not set a new date for the markup session. […]
Coinbase Withdraws Support for Senate Crypto Bill, Warning of Risks to Innovation and Privacy – Digital News & Investigative Reports
Article Summary Coinbase has withdrawn its support for a Senate Banking Committee crypto bill, warning that the draft could restrict innovation, weaken financial privacy, and limit competition in digital finance. The exchange cited concerns over potential bans on tokenized equities, new restrictions on DeFi, reduced authority for the CFTC, and proposed limits on stablecoin rewards. Coinbase says the bill, as written, would leave the industry wor…
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