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Customized wealth management empowers your assets growth
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Top asset management team helps you profit without hassle
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US Senators and Bank Executives Meet and Say Significant Progress Made on Crypto Legislation
According to sources familiar with the matter, bipartisan members of the U.S. Senate this week met separately with several Wall Street bank executives to discuss the crypto asset market structure bill.
Senate Banking Committee Chairman Tim Scott stated that Congress is making “substantial progress” toward passing this comprehensive crypto market regulation bill, aiming to solidify the United States' position as the “global crypto capital.”
On the same day, Scott discussed the bill with Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf, including topics such as the delineation of regulatory authority between the SEC and CFTC. Sources said the meetings were “friendly,” covering issues like yield products, DeFi regulation, and anti-money laundering measures.