Republicans are trying to pin down Democrats to vote on the Senate digital asset market structure bill, the Responsible Financial Innovation Act (RFI Act). But Democrats want to have a bigger say in its drafting. Leaked Democrat proposals relating to DeFi have displeased the crypto sector.
According to Politico, a Republican Banking committee spokesperson said, “the document was not written in legislative text, included multiple incoherent policy ideas, and was not a good-faith effort to engage on market structure.” Punchbowl News said the Republicans weren’t willing to schedule further meetings until the Democrats agree to a markup session.
Indeed, the Democrat…
