PANews reported on December 9th that, according to The Block, Ohio Republican Senator Bernie Moreno stated that negotiations surrounding the cryptocurrency market structure bill over the past few weeks have been "quite frustrating," and Democrats and Republicans plan to meet on Tuesday. On Monday, at the Blockchain Association Policy Summit in Washington, D.C., Moreno outlined the progress of discussions regarding the scope of this broader bill. Moreno said, "I don't want to rush into a bad bill just to show we've passed some legislation. It's better to do nothing than to make a bad deal." The versions of the market structure bill from the House and Senate are still awaiting reconciliation. The House passed its version of the Clarity Act in July. While the Senate proposal is not significantly different, passing a bill in the Senate is generally more difficult than in the House. Previously, Senate Banking Committee Chairman Tim Scott, a Republican, stated that holding a hearing on bill revisions on December 17th or 18th was "feasible." However, on Monday, Senator Mark Warner, a Democrat, revealed that completing the hearings before the holidays would be challenging, as they are awaiting the White House's stance on quorum and ethical considerations.PANews reported on December 9th that, according to The Block, Ohio Republican Senator Bernie Moreno stated that negotiations surrounding the cryptocurrency market structure bill over the past few weeks have been "quite frustrating," and Democrats and Republicans plan to meet on Tuesday. On Monday, at the Blockchain Association Policy Summit in Washington, D.C., Moreno outlined the progress of discussions regarding the scope of this broader bill. Moreno said, "I don't want to rush into a bad bill just to show we've passed some legislation. It's better to do nothing than to make a bad deal." The versions of the market structure bill from the House and Senate are still awaiting reconciliation. The House passed its version of the Clarity Act in July. While the Senate proposal is not significantly different, passing a bill in the Senate is generally more difficult than in the House. Previously, Senate Banking Committee Chairman Tim Scott, a Republican, stated that holding a hearing on bill revisions on December 17th or 18th was "feasible." However, on Monday, Senator Mark Warner, a Democrat, revealed that completing the hearings before the holidays would be challenging, as they are awaiting the White House's stance on quorum and ethical considerations.

                                                                               Office of the Comptroller of the Currency’s Jonathan Gould says crypto companies should have a path to supervision in the banking system, which can evolve to embrace blockchain.                     Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC).Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering novel activities for a national trust bank, but noted “custody and safekeeping services have been happening electronically for decades.”“There is simply no justification for considering digital assets differently,” he added. “Additionally, it is important that we do not confine banks, including current national trust banks, to the technologies or businesses of the past.”Read more