Story perspectives
Bank CEOs Meet Senators to Discuss Crypto Legislation
12/10/2025
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Story summary
- Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf will meet U.S. senators in talks organized by Financial Services Forum to discuss crypto market legislation.
- The discussions address concerns about interest payments on stablecoins and note that the Act would shift regulation from the SEC to the CFTC.
- Senator Cynthia Lummis anticipates a markup hearing for the act next week amid ongoing negotiations.
