Senate Majority Leader Chuck Schumer hopes to shepherd crypto legislation through Congress by the end of 2024, despite challenges in fulfilling this ambitious pledge.
Sens. Lummis and Scott proposed that crypto legislation could pass through the Senate Agriculture Committee, focusing on commodities law as a strategic pathway for advancement.
With limited working days left in the year, the prospect of significant crypto legislation moving through the Senate appears slim, posing a major roadblock.
If a crypto bill emerges from the Senate Agriculture Committee, it may transform into a 'Christmas Tree bill,' allowing additional amendments and provisions to be added.
#crypto-legislation #congress #senate-agriculture-committee #regulatory-frameworks #financial-innovation
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