BlockBeats report: On March 19, crypto journalist Eleanor Terrett posted on social media that, following a Senate Republican-led meeting on cryptocurrency market structure (attended by Patrick Witt, Executive Director of the White House Crypto Committee), Senator Cynthia Lummis told reporters that negotiations around yield/reward mechanisms are making progress but remain in a "delicate phase," with the current focus shifting from imminent legislative text to identifying which key stakeholders need to be won over.
Lummis said: “I think some important ideas were sparked during this meeting. So now there’s a path forward, which is not what I expected going into the meeting.” Patrick Witt appeared frustrated after the meeting and made no comments. Senator Tim Scott left as usual with a smile but declined to comment, stating he would not take questions in the hallway.