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Bipartisan congressional lawmakers from the House and Senate are discussing the possibility of combining cyptocurrency regulation legislation with a marijuana banking bill.<\/p>\n
Senate Majority Leader Chuck Schumer (D-NY) raised the topic with House Financial Services Committee Chairman Patrick McHenry (R-CA) and Ranking Member Maxine Waters (D-CA) on Thursday, a source familiar with the conversation confirmed with Marijuana Moment.<\/p>\n
The legislation has yet to be finalized, but the prospect of merging the Secure and Fair Enforcement Regulation (SAFER) Banking Act with the stablecoin measure comes amid heightened expectations about the Senate moving the cannabis bill as a standalone, months after it cleared committee.<\/p>\n
Politico reported<\/a> that the package under consideration could potentially be attached to a Federal Aviation Administration reauthorization bill that needs to pass before May 10.<\/p>\n Schumer recently reiterated his intent to pass legislation to \u201csafeguard cannabis banking\u201d as part of a \u201cbusy agenda\u201d<\/a> that he hopes to achieve in the \u201cweeks and months ahead,\u201d though he again stressed the need for bipartisan cooperation.<\/p>\n He also recently asked people to\u00a0show their support for the SAFER Banking Act by signing a petition<\/a>\u00a0as he steps up his push for the legislation. A poll released last month by the American Bankers Association (ABA) shows that roughly three out of five Americans\u00a0support allowing marijuana industry access to the banking system<\/a>.<\/p>\n Rep. Nancy Mace (R-SC) said last week that that \u201cif Republicans want to keep the House,\u201d they should pass the marijuana banking bill<\/a>, arguing that \u201cthere are votes\u201d to approve it.<\/p>\n Schumer told Marijuana Moment last month that\u00a0the bill remains a \u201cvery high priority\u201d for the Senate<\/a>, and members are having \u201cvery productive\u201d bicameral talks to reach a final agreement.<\/p>\n \u2014 Senate Banking Committee Chairman Sherrod Brown (D-OH) also said last month that\u00a0passing the SAFER Banking Act off the floor is a \u201chigh priority.\u201d<\/a>\u00a0However, he also recently said in a separate interview that\u00a0advancing the legislation is complicated by current House dynamics<\/a>.<\/p>\n House Majority Whip Tom Emmer (R-MN) separately said during a recent American Bankers Association (ABA) summit that he wants to see the SAFER Banking Act move.<\/p>\n He said that, \u201cfor whatever reason, the federal government has been slow\u201d to act on the incremental reform that he supports even though he doesn\u2019t identify as \u201ca marijuana guy.\u201d<\/p>\n One key factor that\u2019s kept the bill from the Senate floor is disagreement over mostly non-cannabis provisions dealing with broader banking regulations, primarily those contained in Section 10 of the legislation.<\/p>\n Bicameral negotiations have been ongoing, however, and recent reporting suggests that a final deal could be just over the horizon.<\/p>\n The Democratic Senate sponsor of the SAFER Banking Act, Sen. Jeff Merkley (D-OR), told Marijuana Moment last month that the legislation is \u201cgaining momentum\u201d as lawmakers work to bring it to the floor and pass it \u201cthis year.\u201d<\/p>\n The office of the Republican SAFER Banking prime sponsor, Sen. Steve Daines (R-MT), separately told Marijuana Moment that \u201cconversations have been productive and Senator Daines is working to get the bill across the finish line.\u201d<\/p>\n At the close of the first half of the 118th Congress in December, Schumer said in a floor speech that lawmakers would \u201chit the ground running\u201d in 2024, aiming to\u00a0build on bipartisan progress on several key issues, including marijuana banking reform<\/a>\u2014though he noted it \u201cwon\u2019t be easy.\u201d<\/p>\n Biden, Harris And Top DOJ Official Promote Marijuana Pardons While Commemorating \u2018Second Chance Month\u2019<\/a><\/p>\n<\/blockquote>\n\n Photo courtesy of Mike Latimer.<\/em><\/p>\n The post Schumer And Key House Lawmakers Discuss Merging Marijuana Banking Bill With Cryptocurrency Reform<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n
Bipartisan congressional lawmakers from the House and Senate are discussing the possibility of combining cyptocurrency regulation legislation with a marijuana banking bill. Senate Majority Leader Chuck Schumer (D-NY) raised the topic with House Financial Services Committee Chairman Patrick McHenry (R-CA) and Ranking Member Maxine Waters (D-CA) on Thursday, a sourceContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":458,"featured_media":74138,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18,81],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/74137"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/458"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=74137"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/74137\/revisions"}],"predecessor-version":[{"id":74139,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/74137\/revisions\/74139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media\/74138"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=74137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=74137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=74137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nRead More: Schumer And Key House Lawmakers Discuss Merging Marijuana Banking Bill With Cryptocurrency Reform<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"