Overview
- Citigroup’s Jane Fraser, Bank of America’s Brian Moynihan and Wells Fargo’s Charlie Scharf are scheduled for a closed-door meeting with senators on Thursday to discuss crypto market-structure legislation.
- Punchbowl News’ The Vault shared the invitation details on X, casting the session as part of broader negotiations among banks, regulators and lawmakers.
- Senators are expected to press bank leaders on digital-asset custody, supervision of stablecoin reserves under the GENIUS Act and the Federal Reserve’s potential role in tokenized-market infrastructure.
- Bitcoin hovered near $90,000 as traders awaited policy clarity, with Coinglass data showing futures volume up 34.36% to $90.87 billion and open interest barely higher.
- Derivative positioning tilted slightly short and the volume–open interest gap pointed to largely intraday activity as participants stayed cautious ahead of the talks.