Wu Shuo learned that Senator Tim Scott, Chairman of the Senate Banking Committee, stated that there will be a "brief pause" before the crypto market structure bill moves into markup. He pointed out that he has communicated with leaders in the crypto industry, the financial sector, and bipartisan colleagues, and all parties remain at the negotiation table in good faith. David Sacks, the White House's AI and crypto affairs director, said that the bill is closer to passing than ever before, and the industry should use this pause to resolve remaining disagreements. Sacks emphasized that the White House remains committed to working with Senator Scott, committee members, and industry stakeholders to pass bipartisan-supported cryptocurrency market structure legislation as soon as possible.
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Wu Shuo learned that Senator Tim Scott, Chairman of the Senate Banking Committee, stated that there will be a "brief pause" before the crypto market structure bill moves into markup. He pointed out that he has communicated with leaders in the crypto industry, the financial sector, and bipartisan colleagues, and all parties remain at the negotiation table in good faith. David Sacks, the White House's AI and crypto affairs director, said that the bill is closer to passing than ever before, and the industry should use this pause to resolve remaining disagreements. Sacks emphasized that the White House remains committed to working with Senator Scott, committee members, and industry stakeholders to pass bipartisan-supported cryptocurrency market structure legislation as soon as possible.