Eleanor Terrett: Two party senators fail to reach agreement on Clear Bill negotiations

Cryptocurrency journalist Eleanor Terrett revealed on X platform that negotiations between a bipartisan group of senators on at least two unresolved issues regarding the Clear Bill ended in failure on Wednesday evening local time. Republican negotiator Cynthia Lummis stated that 99% of the bill's content has been agreed upon and hopes that the remaining issues will be resolved after the committee passes it. Democrats Adam Schiff and Ruben Gallego are calling for a compromise on ethics and conflict of interest issues before Thursday's review, with some Democrats raising concerns about provisions in the Blockchain Regulatory Certainty Act (BRCA) aimed at protecting non custodial software developers from lawsuits under cryptocurrency transfer laws.