Senate Banking Committee Poised to Pass Dangerous Deregulatory Crypto Bill Thursday
Washington, D.C. — On Thursday, the Senate Banking Committee will consider a deeply flawed cryptocurrency bill filled with giveaways to the crypto industry. After months of negotiations, the text of the bill was only released on Monday—just a few days before the markup.
The following is a statement from Mark Hays, associate director of crypto and fintech policy at Americans for Financial Reform and Demand Progress:
“Senate Banking Committee members will soon show whether they are totally beholden to the crypto billionaires or that they are willing to stand up for everyday people and financial stability. The lopsided, industry crafted legislation before the Committee will likely enrich and embolden the crypto insiders—including the Trump family—that are undermining democracy in this country. Senators must resoundingly reject this bill to protect the economy, workers' retirement savings and the public trust.”