TechFlow News, January 30: According to CoinDesk, the U.S. Senate Committee on Agriculture advanced the Digital Commodities Consumer Protection Act by a party-line vote of 12–11—a significant milestone for the bill in the Senate. However, the bill still requires approval from the Senate Committee on Banking, Housing, and Urban Affairs and broader Democratic support before it can be enacted.
Committee Chairman John Boozman stated: “After months of work, we have made substantial progress, and now is the time to move this process forward.” Democrats expressed their desire to continue negotiations to reach a bipartisan consensus version.
The White House plans to convene a meeting next week to seek common ground among the cryptocurrency industry, banking sector, Republicans, Democrats, and the government.
