Regulation
Lawmakers consider merging SAFER banking law with crypto regulations
Cannabis Stocks are mostly down today despite some positive legislative news. Indeed, according to Marijuana Moment, bipartisan discussions are underway in Congress to potentially merge cryptocurrency regulation with the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which aims to allow banking for marijuana industry.
Senate Majority Leader Chuck Schumer (D-N.Y.) said he is committed to advancing the cannabis banking bill as part of a broader legislative agenda. He also called for support from both parties and the public through a petition.
Separately, House Majority Whip Tom Emmer (R-MN) noted that he would like to see progress on the banking bill and said the delay in federal action is unwarranted. Ongoing bipartisan talks suggest a final deal could be reached soon and could be passed within a year.
Which cannabis stock is best to invest in?
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