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Liam Zhang

Senator Tim Scott says crypto bill advances after December 12 meetings with major U.S. bank CEOs

On December 12, Senator Tim Scott said he had made progress on a cryptocurrency bill after meeting with senior bank leaders, including Bank of America CEO Brian Moynihan. The initiative aims to clarify digital asset market rules, expand SEC and CFTC oversight, and curb stablecoin incentive distortions linked to loopholes in the GENIUS Act, according to Scott.
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