🚨NEW: This morning, the Senate Banking Committee will hold a hearing on crypto market structure legislation. I’m hearing Elizabeth Warren, top Dem on the committee, will announce she would support a bill if it meets these 5 criteria: “1. Protecting our bedrock securities laws; 2. Providing basic investor protections; 3. Preserving our financial stability; 4. Requiring crypto actors to implement commonsense anti-money laundering and sanctions enforcement programs; and 5. Stopping public officials including the president, vice president, and Members of Congress from issuing, sponsoring, or endorsing crypto tokens.” Ofc, that 5th one is likely a deal breaker for Republicans (to say nothing of the others and what they’d entail). More to come from inside the hearing at 10:15 am ET
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