Senate Claims Crypto Bill Is Ready, But White House Says ‘Do Better’
Senators said on Tuesday that their long-delayed crypto market-structure bill is finally nearing completion, but the White House pushed back after reviewing proposed ethics rules connected to digital asset profits tied to President Donald Trump’s family.
Senate Seeks End-Of-Week Draft
Sens. Kirsten Gillibrand, (D-NY), and Cynthia Lummis, (R-Wyo.), told attendees at the Blockchain Association Policy Summit in Washington that bipartisan negotiations have accelerated, with a goal of releasing a draft by the end of the week and holding a markup next week.
Gillibrand said Democrats and Republicans have held productive sessions in recent days and that “nothing is holding up this bill.”
Momentum for a federal market-structure framework has grown since the House passed its version, the Digital Asset Market Clarity Act, in July.
The push reflects growing pressure from Bitcoin (CRYPTO: BTC) and broader crypto …
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