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Eleanor Terrett: Progress has been made in negotiations on the structure of the crypto market, but it remains in a "delicate state," with unexpected pathways for advancement emerging during the meeting
Crypto journalist Eleanor Terrett posted on the X platform that Patrick Witt, the Executive Director of the White House Cryptocurrency Council, 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 are still in a "delicate state," with the focus shifting from the upcoming legislative text to "the parties that need to be engaged." Lummis stated that the meeting provided an unexpectedly forward path. Patrick Witt appeared frustrated after the meeting and did not comment on the content of the meeting. Tim Scott also declined to comment afterward, stating he would not be giving interviews to reporters in the hallway.
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