Summary
- Key figures in the virtual asset industry said they will hold discussions with U.S. senators on the market-structure bill.
- The meeting is seen as the last chance for the industry to submit its position by the end of the year, and major virtual asset and financial groups are said to be attending.
- Negotiations on the market-structure bill are expected to resume in January next year, with the delineation of roles between the SEC and CFTC cited as a key issue.
On the 17th (local time), according to virtual-asset specialist media CoinDesk, virtual asset industry officials will meet with U.S. senators to continue discussions on the market-structure bill. The industry views this meeting as the last opportunity this year to organize and submit its position.
On the 17th (local time), according to CoinDesk, key figures in the virtual asset industry are scheduled to hold meetings with key senators that day to discuss the market-structure bill. The bill is said to enter renegotiation procedures in January next year.
The outlet said the meeting will be attended by virtual asset firms such as Coinbase, Kraken, and Chainlink, and industry groups including the Blockchain Association and the DeFi Education Fund. Traditional finance attendees are also reported to include representatives from Goldman Sachs and the Securities Industry and Financial Markets Association (SIFMA).
The core of the market-structure bill is to set out a regulatory framework for the virtual asset industry as a whole, with the delineation of roles between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) cited as a key issue. Ahead of the resumption of bill discussions in January next year, coordination of views between the industry and policymakers is expected to continue.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
