Bipartisan Crypto Market Structure Bill Released by US Senate
Senate Democrats have resumed talks with industry representatives after delaying the bill’s first vote, following criticism from major crypto firms like Coinbase.
Summary
US Senate Democrats resumed negotiations on the cryptocurrency market structure bill after delaying its initial vote this week. Lawmakers are holding calls with industry representatives to address concerns over the latest draft, which has drawn criticism from major players, including Coinbase, stating it cannot support the current version. The bill, aiming to define digital assets and regulatory oversight, continues to face unresolved issues despite bipartisan efforts.
Terms & Concepts
- Crypto Market Structure Bill: Proposed legislation aimed at defining regulatory frameworks and operational rules for cryptocurrency markets and digital asset activities in the United States.
- Tokenization: The process of converting ownership rights to an asset into a digital token on a blockchain.