Golden Financial reports that, according to informed sources, bipartisan senators in the U.S. Senate met separately this week with several Wall Street bank executives to discuss the cryptocurrency market structure bill. Chairman of the Senate Banking Committee Tim Scott stated that Congress is making “substantial progress” toward passing this comprehensive cryptocurrency market regulation bill, with the aim of reinforcing the United States’ position as the “global crypto capital.” That day, Scott discussed the bill with US Bank CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf, including how to delineate regulatory authority between the SEC and the CFTC. Informed sources said that the meeting was “friendly” and covered topics such as yield products, DeFi regulation, and anti-money laundering measures.