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Sarah Wynn

Sen. Mark Warner calls stalled market structure talks "crypto hell" as Senate weighs Clarity Act

On Thursday, Sen. Mark Warner described feeling trapped in "crypto hell" during a Senate Banking Committee hearing on stalled digital asset market structure talks. Senators are working on legislation to split oversight between the SEC and CFTC, define disclosure and anti-money laundering rules, and address contentious issues such as stablecoin yield before a combined bill faces a 60-vote threshold in the full Senate.