Democrats involved in the negotiations over the crypto market-structure bill have agreed to incorporate significant portions of the Republican Financial Innovation Act (RFIA) text. However, they assert that the GOP's December 4th proposal still lacks essential elements they are advocating for. The Democrats have issued a three-page counteroffer detailing their demands, which include specific provisions on token classification, measures against illicit finance, ethical guidelines, and restrictions on stablecoin yields as outlined in the GENIUS Act.
Democrats Accept Key Parts of GOP Crypto Bill, Seek Further Changes
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