Crypto Industry Pushes For Regulation Amid Mounting Political Divide

Benzinga

Crypto leaders warned that passing a U.S. market structure bill this year would take a “miracle” as bipartisan talks stall. Senate Democrats demand joint authorship while CFTC furloughs and partisan rifts delay progress.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02The cryptocurrency industry is struggling to advance a long-awaited market structure bill in

00:06Congress, despite heavy lobbying, according to Politico. Top executives on the series of

00:10Capitol Hill meetings on Wednesday, warning that passages here would require a miracle

00:14after bipartisan talk stalled. Senate Banking Chair Tim Scott aims to move the bill out of

00:18committee before Thanksgiving. The Democrats are resisting deadlines and demanding joint

00:22authorship. Democratic senators reaffirmed support for advancing a crypto market structure bill to

00:28criticize industry leaders for their reaction to a leaked DeFi regulation proposal. CFTC staff

00:34furloughs and partisan tensions have further slowed negotiations, being the legislation's future

00:39uncertain. For all things money, visit Benzinga.com.

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