Time Running Out and Odds Growing Long for Passage of Crypto Market-Structure Bill
The odds of Senate passage of crypto market-structure legislation are growing longer as opposition to the Responsible Financial Innovation Act grows on Capitol Hill and among influential constituencies. Speaking at the Blockchain Association’s annual policy summit in Washington Tuesday, Sen. Cory Booker (D-NJ), one of his party’s lead negotiators on the bill, said growing frustration with President Trump’s refusal to appoint any Democrats to the Commodities Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC) could derail passage of the measure.
