Traded ValueIt's been postponed again, just afraid that long delays may mean trouble.
Senate Banking Committee pulled crypto bill due to bank concerns over losing deposits before a scheduled vote. Bill pushed to spring. Coinbase CEO's opposition overridden. White House meeting unsuccessful. Senator Lummis assured Senate will revisit in spring. (Word count: 25)
The Senate Banking Committee has postponed a vote on the crypto bill due to banks' concerns about potential deposit losses. Senator Cynthia Lummis stated that the decision was influenced by worries over banks losing deposits if crypto firms offered interest on stablecoins, not just Coinbase's opposition. Senate Majority Leader John Thune confirmed that the Senate will revisit the bill in spring, despite challenges in securing floor time. A recent White House meeting to address these issues was unsuccessful.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
