Senate Democrats negotiating a major cryptocurrency bill told key Senate Banking Republicans this week they hope to strengthen prohibitions on stablecoin yield payments and further address concerns about illicit finance, according to a summary of a counteroffer obtained by POLITICO .
The document, which summarizes requests that Democrats sent to Senate Banking GOP negotiators on Monday, came after Republicans sent an initial offer late last week for a compromise market structure bill, titled the Responsible Financial Innovation Act.
“We have accepted significant portions of RFIA – including meaningful concessions on major elements like token…
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