Legislative momentum for the Digital Asset Market Clarity Act has encountered significant headwinds as tensions between traditional financial institutions and cryptocurrency advocates create a political impasse. During Tuesday’s American Bankers Association summit in Washington, Senator Angela Alsobrooks, a Democratic member of the Senate Banking Committee, candidly addressed attendees about the need for mutual concessions. “I think I have to level set that all of us will probably walk away just a little bit unhappy,” Alsobrooks said. The central controversy revolves around whether cryptocurrency platforms should be ... (full story)