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Senate Republicans Makes ‘Closing Offer’ on Crypto Market Structure Bill as Tim Scott Pushes Markup

Bitcoin Magazine
Senate Republicans presented a "closing offer" with over 30 revisions to the crypto market structure bill ahead of a potential markup next week.

Summary

Senate Banking Committee Republicans, led by Chair Tim Scott, delivered a "closing offer" outlining over 30 proposed changes to the stalled crypto market structure legislation to Democratic negotiators. This offer includes revisions to Title I concerning digital asset classification, plus two new titles on investor protections and illicit finance. The push comes as Scott prepares for a committee markup, possibly on January 15th. Key sticking points remain, including Democratic demands for ethics provisions targeting officials' crypto profits and leadership appointments at the SEC and CFTC. Despite unresolved issues, a moderate Democrat expressed optimism about productive talks, though finalizing a bipartisan deal before the compressed legislative calendar deadline remains uncertain.

(Source:Bitcoin Magazine)