PANews reported on December 9th that, according to The Block, Ohio Republican Senator Bernie Moreno stated that negotiations surrounding the cryptocurrency market structure bill over the past few weeks have been "quite frustrating," and Democrats and Republicans plan to meet on Tuesday. On Monday, at the Blockchain Association Policy Summit in Washington, D.C., Moreno outlined the progress of discussions regarding the scope of this broader bill. Moreno said, "I don't want to rush into a bad bill just to show we've passed some legislation. It's better to do nothing than to make a bad deal." The versions of the market structure bill from the House and Senate are still awaiting reconciliation. The House passed its version of the Clarity Act in July. While the Senate proposal is not significantly different, passing a bill in the Senate is generally more difficult than in the House. Previously, Senate Banking Committee Chairman Tim Scott, a Republican, stated that holding a hearing on bill revisions on December 17th or 18th was "feasible." However, on Monday, Senator Mark Warner, a Democrat, revealed that completing the hearings before the holidays would be challenging, as they are awaiting the White House's stance on quorum and ethical considerations.PANews reported on December 9th that, according to The Block, Ohio Republican Senator Bernie Moreno stated that negotiations surrounding the cryptocurrency market structure bill over the past few weeks have been "quite frustrating," and Democrats and Republicans plan to meet on Tuesday. On Monday, at the Blockchain Association Policy Summit in Washington, D.C., Moreno outlined the progress of discussions regarding the scope of this broader bill. Moreno said, "I don't want to rush into a bad bill just to show we've passed some legislation. It's better to do nothing than to make a bad deal." The versions of the market structure bill from the House and Senate are still awaiting reconciliation. The House passed its version of the Clarity Act in July. While the Senate proposal is not significantly different, passing a bill in the Senate is generally more difficult than in the House. Previously, Senate Banking Committee Chairman Tim Scott, a Republican, stated that holding a hearing on bill revisions on December 17th or 18th was "feasible." However, on Monday, Senator Mark Warner, a Democrat, revealed that completing the hearings before the holidays would be challenging, as they are awaiting the White House's stance on quorum and ethical considerations.
US Senator Moreno called the crypto bill negotiations "frustrating," with the legislative process progressing tensely towards the end of the year.
PANews reported on December 9th that, according to The Block, Ohio Republican Senator Bernie Moreno stated that negotiations surrounding the cryptocurrency market structure bill over the past few weeks have been "quite frustrating," and Democrats and Republicans plan to meet on Tuesday. On Monday, at the Blockchain Association Policy Summit in Washington, D.C., Moreno outlined the progress of discussions regarding the scope of this broader bill. Moreno said, "I don't want to rush into a bad bill just to show we've passed some legislation. It's better to do nothing than to make a bad deal."
The versions of the market structure bill from the House and Senate are still awaiting reconciliation. The House passed its version of the Clarity Act in July. While the Senate proposal is not significantly different, passing a bill in the Senate is generally more difficult than in the House. Previously, Senate Banking Committee Chairman Tim Scott, a Republican, stated that holding a hearing on bill revisions on December 17th or 18th was "feasible." However, on Monday, Senator Mark Warner, a Democrat, revealed that completing the hearings before the holidays would be challenging, as they are awaiting the White House's stance on quorum and ethical considerations.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC
The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
Gallaxia – The Future of Gaming
James Ashton is a former Chelsea FC and Premier League footballer turned gamer. He is the Founder & CEO of Planet-X and Core Contributor to Gallaxia.
Share
Brave Newcoin2025/12/09 12:37
French Lender Offers Crypto To Millions
The post French Lender Offers Crypto To Millions appeared on BitcoinEthereumNews.com. They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley! So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit…
Share
BitcoinEthereumNews2025/12/09 12:01