Democrats urge GOP to ‘move forward quickly’ on crypto bill
The post Democrats urge GOP to ‘move forward quickly’ on crypto bill appeared on BitcoinEthereumNews.com. Key Takeaways What’s next for the crypto market structure bill? Senate Democrats and Republicans may cooperate to advance the bill, but only if both sides commit to true bipartisan authorship. What are the potential hurdles? Internal GOP divisions and a possible Senate–House reconciliation process could delay progress and push the December 2025 deadline further. A section of U.S. Senate Democrats, led by Arizona’s Ruben Gallego, have reaffirmed support to “move forward quickly” on the comprehensive crypto market structure bill, but on one condition: “true” bipartisan collaboration. In a statement on the 19th of September, the group said, “We hope our Republican colleagues will agree to a bipartisan authorship process, as is the norm for legislation of this scale. Given our shared interest in moving forward quickly on this issue, we hope they will agree to reasonable requests to allow for true collaboration.” They added that crypto is a $4 trillion market that requires a “considered and bipartisan approach to regulation.” Will Trump get the crypto bill in time? Justin Slaughter, VP of Regulatory Affairs at Paradigm, supported the Democrats’ stance. He said that a lasting “clarity” would be possible only through bipartisan support. Source: X But there’s a concerted effort by Democrats to have extra control in the bill rather than just giving input into the GOP draft, according to a report by Politico. Earlier this month, the group led by Gallego proposed seven essential pillars for the crypto bill. These include measures against illicit finance and corruption. GOP response and October deadline According to the Politico report, the Grand Old Party (GOP), aka Republicans, were open to waiting for Democrats’ input by late October to mark up the bill and advance it out of the Senate Committee. For her part, Katie Warbinton, an aide to Republican Senator Cynthia Lummis,…
The post Democrats urge GOP to ‘move forward quickly’ on crypto bill appeared on BitcoinEthereumNews.com.
Key Takeaways What’s next for the crypto market structure bill? Senate Democrats and Republicans may cooperate to advance the bill, but only if both sides commit to true bipartisan authorship. What are the potential hurdles? Internal GOP divisions and a possible Senate–House reconciliation process could delay progress and push the December 2025 deadline further. A section of U.S. Senate Democrats, led by Arizona’s Ruben Gallego, have reaffirmed support to “move forward quickly” on the comprehensive crypto market structure bill, but on one condition: “true” bipartisan collaboration. In a statement on the 19th of September, the group said, “We hope our Republican colleagues will agree to a bipartisan authorship process, as is the norm for legislation of this scale. Given our shared interest in moving forward quickly on this issue, we hope they will agree to reasonable requests to allow for true collaboration.” They added that crypto is a $4 trillion market that requires a “considered and bipartisan approach to regulation.” Will Trump get the crypto bill in time? Justin Slaughter, VP of Regulatory Affairs at Paradigm, supported the Democrats’ stance. He said that a lasting “clarity” would be possible only through bipartisan support. Source: X But there’s a concerted effort by Democrats to have extra control in the bill rather than just giving input into the GOP draft, according to a report by Politico. Earlier this month, the group led by Gallego proposed seven essential pillars for the crypto bill. These include measures against illicit finance and corruption. GOP response and October deadline According to the Politico report, the Grand Old Party (GOP), aka Republicans, were open to waiting for Democrats’ input by late October to mark up the bill and advance it out of the Senate Committee. For her part, Katie Warbinton, an aide to Republican Senator Cynthia Lummis,…
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