Take two: Senate Banking Committee sets a date to amend and vote on sweeping crypto legislation
The Block
The Senate Banking Committee has scheduled a May 14 markup session to advance comprehensive crypto regulation legislation.Summary
The Senate Banking Committee will hold a markup session on May 14 to advance a comprehensive cryptocurrency regulation bill, marking its second attempt after a previous cancellation. The bill aims to establish federal oversight but faces challenges, including the need to reconcile with an earlier Senate Agriculture Committee version and concerns over ethics and conflict of interest regarding President Donald Trump’s crypto ventures. Senator Kirsten Gillibrand has insisted that ethics provisions and consumer protections regarding illicit finance must be included for the bill to proceed.
(Source：The Block)