🚨NEW: A bipartisan Senate Banking–industry meeting led by @SenatorTimScott today left participants cautiously optimistic that crypto market structure talks are still moving, I’m told, even with no markup hearings on the calendar this week.
A readout of the gathering that I reviewed described it as “productive,” with senators from both parties striking a “constructive and collaborative” tone as members walked through new bill text and took questions from attendees.
Notably, Democratic Sens. @MarkWarner and @SenCortezMasto were described as engaged, asking “good questions” of both industry reps and Senate Banking staffers.
Three areas where negotiations remain ongoing:
📌 Token classification (drawing line between a security and a commodity)
📌 Stablecoin interest versus rewards
📌 DeFi
Another attendee’s TLDR: Good meeting and looking forward to continued progress in the new year.
