US shutdown enters third week as Senate Democrats plan crypto roundtable
As the US government shutdown enters its third week, Senate Democrats plan a crypto roundtable to discuss stalled market structure legislation.Summary
The US government shutdown is entering its third week, with the Senate scheduled for a vote to end the funding impasse. Despite the gridlock, Senate Democrats, led by Kirsten Gillibrand, plan to host a roundtable discussion on Wednesday with crypto executives from companies like Coinbase, Kraken, Circle, and Ripple to discuss the long-stalled US market-structure bill. This meeting follows the introduction of a counter-proposal by some Democrats that critics argue could harm decentralized finance (DeFi). The market structure bill is the Senate's version of the House's CLARITY Act, which aims to create a federal framework for digital assets. Furthermore, the ongoing shutdown has stalled progress on crucial cryptocurrency exchange-traded fund (ETF) approvals, as the responsible agency, the SEC, operates with limited staff, causing key deadlines for several proposed ETFs to pass without updates.
(Source：Cointelegraph)