US Senate Democrats Meet to Discuss Crypto Bill as a16z Briefs Republicans

US Senate Democrats met on Thursday to discuss potential aspects of the crypto bill, which aims to clarify market structure and advance the United States' leadership in the space.

The meeting focused on resolving disagreements over stablecoin yields, a contentious issue that has stalled progress on the bill. The White House had set a March 1 deadline for parties to reach an agreement.

Meanwhile, Andreessen Horowitz (a16z) executives briefed Senate Republicans on the importance of passing the CLARITY Act, which would split oversight between the SEC and CFTC and provide clearer rules for crypto exchanges and platforms.