Crypto Industry Leaders, Lawmakers Discuss Market Structure Bill

Cryptocurrency industry leaders and lobbyists are reportedly meeting with Sen. Tim Scott of South Carolina and other lawmakers Wednesday (Dec. 17) to discuss the crypto market structure bill.

Scott and the Senate Banking Committee, of which he is chairman, have taken the lead in trying to advance the bill, and the meeting Scott is hosting is meant to negotiate some details of the bill, CoinDesk reported Wednesday.

The bill’s progress has been stalled by disagreements among lawmakers over the treatment of decentralized finance and a proposal to bar senior government officials from maintaining personal business ties with the crypto industry, according to the report.

Sen. Elizabeth Warren of Massachusetts, ranking member of the Senate…

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