The banking sector is mounting an all-out assault to reshape a key provision of a landmark crypto bill slated for a markup on Thursday.
American Bankers Association CEO Rob Nichols urged every member of the group to take “immediate” action to try to change a stablecoin compromise introduced earlier this month. The industry’s campaign comes at the 11th hour of a long-running push to restructure the financial system to incorporate digital assets.
Here’s some more news. Senate Judiciary Committee Chair Chuck Grassley (R-Iowa) and Sen. Cynthia Lummis (R-Wyo.) have struck a deal to address law enforcement concerns about money laundering risks in the crypto legislation.
