Federal lawmakers are inching closer to a deal on legislation that could include cannabis banking reform, a leading House Democrat says.
“Now is the time” for Congress to finally pass the SAFER Banking Act, Rep. Maxine Waters of California, the leading Democrat on the House Financial Services Committee, said Wednesday during an interview with Bloomberg Television.
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Negotiations between Waters and North Carolina Republican Rep. Patrick McHenry, the committee chair, will soon yield a compromise on cryptocurrency regulation, Waters said.
And there’s support across Congress for tucking marijuana banking reform into a cryptocurrency-related bill – all of which could then be tacked onto a must-pass Federal Aviation Administration spending bill.
That bill must be renewed by May 10.
If finally passed by both chambers
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