Odaily Planet Daily reported that people familiar with the matter revealed that the leadership of the U.S. Senate Banking Committee hopes to complete the revision of the Responsible Financial Innovation Act by the end of this month. In July, the House of Representatives passed the Financial Transparency Act, after which the Senate Banking Committee and the Agriculture Committee each formulated bills, which will be merged later. Republicans on the Banking Committee released a revised version last month, and Democrats gave a list of principles they hope the legislation will include. The Agriculture Committee's draft has not yet been released, and it may take longer to complete. Although the U.S. Senate once again rejected two plans to provide funding for the federal government to end the nine-day shutdown, and the cryptocurrency policy agenda has been shelved due to an uncertain budget, Washington insiders feel that the momentum has not completely disappeared. The House of Representatives suspended work due to the shutdown, and the Senate is still meeting on budget and cryptocurrency-related issues. (Blockworks)
