Senate Claims Crypto Bill Is Ready, But White House Says 'Do Better'

Benzinga

Senators are fast-tracking a long-delayed crypto market-structure bill, with a draft due this week and markup next week. The plan divides oversight between the SEC and CFTC, though the White House pushed for tougher ethics rules on officials’ digital-asset holdings.

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

00:03Senators said bipartisan talks on a long-delayed crypto market structure bill have accelerated

00:07with a draft expected this week and a markup planned next week, according to Benzinga.

00:13Momentum has grown since the House passed its version in July,

00:16and the Senate is advancing two parallel drafts that split oversight

00:19between the SEC and Commodity Futures Trading Commission.

00:23Negotiators drafted ethics rules to block officials and their families

00:27from issuing or profiting from digital assets while in office.

00:30However, the White House rejected the proposal and asked for a stronger version.

00:35Industry groups expect movement before year-end,

00:38and said progress on markups would signal that Congress is preparing to finalize long-awaited legislation.

00:43For all things money, visit Benzinga.com.

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