Legislative Review Delay Sparks Industry Debate
According to crypto reporter Eleanor Terrett, the Republican-led House Financial Services Committee paused legislation review for nearly 24 hours, triggering analysis from industry insiders, lawmakers, and staff, with some still expressing frustration over recent developments.
Incentive Rights May Prove Decisive
Industry experts and committee insiders indicate the bill still has momentum. If banks, Coinbase, and Democratic lawmakers can align on incentive rights, the legislation could regain traction.
Tokenized Securities Concerns Ease
Section 505 of the bill, which involves tokenized securities and requires the SEC and CFTC to conduct studies and regulatory reviews, is no longer a key obstacle. Issuers have clarified Coinbase's previous objections were based on misinterpretation, and sources suggest the clause may be significantly revised or removed.
Ethics Discussions Remain Ongoing
Debates surrounding ethical concerns have not progressed since yesterday, with sources indicating continued negotiations between the White House and the Senate.
Committee Order May Not Be Crucial
Concerns linger over whether the House Financial Services Committee delay will impact the broader legislative timeline. However, insiders claim the House Agriculture Committee could accelerate Senate proceedings if it secures strong bipartisan backing.