[Chairman of the U.S. Senate Banking Committee: 'Substantial Progress' Made on Crypto Market Bill After Talks with Bank Executives] Odaily Planet Daily News – Tim Scott, Chairman of the U.S. Senate Banking Committee, stated that 'substantial progress' is being made in advancing a comprehensive cryptocurrency bill toward becoming law after meeting with top bank CEOs on Thursday. Scott met with Brian Moynihan of Bank of America, Jane Fraser of Citigroup, and Charlie Scharf of Wells Fargo on Thursday to discuss this landmark legislation. The bill aims to establish rules for the entire digital asset industry and grant regulatory authorities such as the SEC and CFTC the necessary powers. This week, the three bank CEOs are expected to meet with senators to discuss the cryptocurrency legislative proposal. Reportedly, the meetings are being held separately—one with Democrats and the other with Republicans—and both meetings have been described as having a 'cordial atmosphere.' According to sources, the discussions covered topics such as yields, decentralized finance, and anti-money laundering. (The Block)