Odaily Planet Daily report: Cryptocurrency journalist Eleanor Terrett posted on X that Patrick Witt, Executive Director of the White House Crypto Committee, attended a Senate Republican meeting on cryptocurrency market structure. After the meeting, Lummis told reporters that negotiations around yields and returns are making progress but remain in a "delicate state," with the focus shifting from upcoming legislative text to "who needs to be engaged." Lummis said the meeting opened an unexpected path forward. Patrick Witt appeared visibly frustrated after the meeting and declined to comment on its content. Tim Scott also refused to comment afterward, stating he would not take questions in the hallway.
Senate GOP meeting on crypto market structure shows progress but remains delicate
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Summary
A Senate GOP meeting on crypto market structure showed progress in discussions around returns and rewards, according to Senator Lummis, who described the talks as still in a “delicate state.” The focus has shifted to identifying key stakeholders rather than finalizing legislative text. Patrick Witt from the White House Crypto Council attended but declined to comment, as did Senator Tim Scott. The crypto market update highlights ongoing efforts to shape regulatory frameworks, with no clear next steps yet.
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