US Senator says "substantial progress" made on crypto legislation after talks with bank executives
Jinse Finance reported that, according to informed sources, bipartisan U.S. senators met separately with several Wall Street bank executives this week to discuss the crypto asset market structure bill. Senate Banking Committee Chairman Tim Scott stated that Congress is making "substantial progress" toward passing this comprehensive crypto market regulatory bill, aiming to solidify the United States' position as the "global crypto capital." On the same day, Scott discussed the bill's contents with Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf, including how to delineate regulatory authority between the SEC and CFTC. According to sources, the meetings were "friendly in atmosphere" and covered topics such as yield products, DeFi regulation, and anti-money laundering.
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