Citi, BofA, and Wells Fargo CEOs to discuss crypto market rules with senators: Report

The CEOs of Citigroup, Bank of America, and Wells Fargo have been invited to meet with U.S. senators this week to discuss proposed legislation aimed at establishing clear rules for digital asset markets, according to a report from Punchbowl News. The Senate Banking Committee Chairman, Tim Scott, indicated that the Senate expects to vote on a digital asset market structure bill in December, potentially moving it to the Senate floor early next year. This legislation seeks to position the U.S. as a global leader in crypto by reconciling bills from the Senate Banking and Agriculture Committees concerning digital commodities and securities, with final approval advancing the measures to the President for signature.

(Source：Crypto Briefing)