PANews reported on December 9th, citing Bloomberg, that Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf plan to meet with bipartisan senators on Thursday to discuss cryptocurrency market legislation that may soon be put to a vote. The discussion, organized by the Financial Services Forum, an alliance of large banks, is expected to focus on bankers' opposition to allowing stablecoins to pay interest, as well as issues such as banks' competitiveness in the cryptocurrency space and preventing the use of cryptocurrencies for illicit activities. Senators involved in cryptocurrency market structure legislation have been invited to the meeting.PANews reported on December 9th, citing Bloomberg, that Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf plan to meet with bipartisan senators on Thursday to discuss cryptocurrency market legislation that may soon be put to a vote. The discussion, organized by the Financial Services Forum, an alliance of large banks, is expected to focus on bankers' opposition to allowing stablecoins to pay interest, as well as issues such as banks' competitiveness in the cryptocurrency space and preventing the use of cryptocurrencies for illicit activities. Senators involved in cryptocurrency market structure legislation have been invited to the meeting.
The CEOs of Bank of America, Wells Fargo, and Citigroup will meet with U.S. senators on Thursday to discuss legislation for the crypto market.
PANews reported on December 9th, citing Bloomberg, that Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf plan to meet with bipartisan senators on Thursday to discuss cryptocurrency market legislation that may soon be put to a vote. The discussion, organized by the Financial Services Forum, an alliance of large banks, is expected to focus on bankers' opposition to allowing stablecoins to pay interest, as well as issues such as banks' competitiveness in the cryptocurrency space and preventing the use of cryptocurrencies for illicit activities. Senators involved in cryptocurrency market structure legislation have been invited to the meeting.
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