👀👀👉Citigroup, Bank of America, Wells Fargo CEOs to Discuss Crypto Rules with U.S. Senators
Recent reports confirm that CEOs of Citigroup (Jane Fraser), Bank of America (Brian Moynihan), and Wells Fargo (Charlie Scharf) are scheduled to meet with U.S. senators this week to discuss crypto market structure legislation. The meeting is set for Thursday, aligning with ongoing Senate efforts on bills like the CLARITY Act to clarify regulations for digital assets between the SEC and CFTC.
Senate Banking and Agriculture Committees plan to vote on the legislation in December 2025, potentially advancing it to the Senate floor early next year. Chairman Tim Scott has emphasized positioning the U.S. as a global crypto leader through these rules on digital commodities and securities. This follows separate, earlier discussions on unrelated issues like debanking.