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Patrick Witt urges compromises to secure 60 Senate votes for crypto bill
On Tuesday, Patrick Witt said the crypto market structure bill will need concessions to reach 60 votes in the U.S. Senate. The Banking and Agriculture Committees delayed Thursday markups to build bipartisan support, while Coinbase's Brian Armstrong withdrew backing, saying he'd "rather have no bill than a bad bill." The proposal aims to define SEC and CFTC oversight, and Witt urged pragmatism to keep momentum.