Cryptocurrency hearings expected to continue during US government shutdown: Source
informed sources revealed that the leadership of the US Senate Banking Committee hopes to complete the revision of the "Responsible Financial Innovation Act" by the end of this month. In July, the House of Representatives passed the "Financial Transparency Act", after which the Senate Banking Committee and the Agriculture Committee each drafted their own bills, which will then be merged together. The Republican members of the Banking Committee released a revised version last month, while the Democrats provided a list of principles they hope the legislation will include. The draft of the Agriculture Committee has not yet been released, and completion may take longer. Although the US Senate previously rejected two plans to provide funding to the federal government to end the nine-day shutdown, the cryptocurrency policy agenda is also on hold due to the uncertain budget. However, insiders in Washington feel that the momentum has not completely disappeared. The House of Representatives has suspended work due to the shutdown, while the Senate is still meeting on budget and cryptocurrency-related issues.
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