According to Bloomberg, Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf are scheduled to meet with senators from both parties on Thursday to discuss cryptocurrency market legislation that may soon be put to a vote. Organized by the Financial Services Forum, a consortium of large banks, the discussions are expected to focus on bankers' opposition to allowing stablecoins to pay interest, 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 to discuss crypto market legislation.
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