Senator Bernie Moreno Sets 90-Day Clock on Crypto Bill at World Liberty Forum
Senator Bernie Moreno urged Congress to pass comprehensive crypto legislation within 90 days, highlighting ongoing friction over stablecoin yield.Summary
Speaking at the World Liberty Forum on February 18, Senator Bernie Moreno emphasized the urgent need for Congress to pass a comprehensive crypto market structure bill within the next 90 days to maintain legislative momentum. Moreno, a vocal advocate for federal crypto legislation, acknowledged the difficulty of negotiations, which have been slowed by technical disagreements and partisan divisions, especially concerning whether stablecoin issuers should be allowed to offer yield.
Moreno vowed not to allow banks to reopen settled provisions related to stablecoin yield, referencing agreements made in the GENIUS Act. Despite this commitment, sources suggest little progress has been made in recent talks between banks and crypto stakeholders. Furthermore, a potential White House meeting to advance negotiations might be postponed, indicating that insufficient progress has been made. The forum itself gathered leaders from finance, technology, and policy, underscoring the growing institutional interest in digital asset regulation.
(Source：BeInCrypto)