Warner Statement on Voting Against Market Structure Legislation in the Senate Banking Committee

WASHINGTON – U.S. Sen. Mark R. Warner (D-VA), a senior member of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement: “The rapid growth of digital assets demands clear, responsible rules of the road. I strongly believe Congress needs to act to provide regulatory certainty, protect consumers and investors, and keep America at the forefront of financial innovation instead of driving investment and talent overseas. We have made significant progress in the Banking Committee, and I appreciate the good-faith work from colleagues on both sides of the aisle to move us closer to a bipartisan agreement. However, I could not support advancing this legislation today because there are still issues that must be addressed – particularly around safeguards against illicit finance and stronger ethics provisions to ensure accountability and public trust. On matters this important, we should take the time necessary to get the details right. I remain committed to continuing these negotiations, working to reconcile the Banking and Agriculture Committee approaches, and moving comprehensive market structure legislation to the Senate floor as quickly as possible. There is a real opportunity here to deliver a durable bipartisan framework, and I look forward to helping get that done.” ###