Trump’s Crypto Profits A Sticking Point? Democrats Push Limits On Elected Officials’ Activities As Republicans Rush Bill Ahead Of Holidays
Democrats working on the cryptocurrency market structure bill told key Senate Banking Republicans that they aim to tighten restrictions on stablecoin yield payments and tackle issues related to elected officials’ cryptocurrency ventures, according to a report published Wednesday.
‘Core Principles’ Yet To Be Addressed, Say Democrats
Democrats presented their counteroffer to GOP negotiators on Monday in response to last week’s Republican proposal for a compromise market structure bill, called the Responsible Financial Innovation Act.
While the Democrats have accepted significant parts of the proposal, including major concessions on elements like token classification, they argue that the Republican offer fails to meet the “core principles” Democrats released in September, Politico reported, citing the counteroffer document.
Trump’s Crypto Profits A Point Of Contention?
The Democrats expressed concerns that interest or yield payments on …
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