Global Stock News

A banker’s guide to the Senate’s crypto bill markup

A banker’s guide to the Senate’s crypto bill markup

  • Key insight: A critical markup will show how many lawmakers will side with the crypto industry over banks on banning stablecoin yield. 
  • What’s at stake: Lawmakers will consider amendments that would make the changes that the banking industry prefers, but getting enough votes to approve them would require Republican buy-in, which is far from assured. 
  • Forward look: If the legislation passes in a party-line vote, the banking industry will have more opportunities to make changes when the bill comes before the full Senate and when it comes under consideration in the House. 

WASHINGTON — Some lawmakers may be forced to choose sides between the crypto and banking industries at a highly-watched markup of a crypto market structure bill in the…

Source link

Share this article

Scroll to Top