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Crypto Industry Reps, Senate Democrats to Discuss Stalled Bill

Crypto News

Efforts are reportedly under way to restart the movement of the crypto markets bill that stalled in the Senate on Wednesday (Jan. 14).

Coinbase CEO Brian Armstrong, who withdrew the cryptocurrency exchange’s support for the Senate Banking Committee’s draft of the bill hours before the committee postponed its scheduled markup of the bill, reportedly met in person with lawmakers at the Capitol on Thursday (Jan. 15) to lobby for changes.

Armstrong sought to ensure that the legislation would allow Coinbase to continue paying rewards to customers who hold stablecoins on its platform, Bloomberg reported Thursday.

He told reporters at the Capitol that proposed limitations on these sorts of rewards were “maybe the biggest” of…

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