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Citigroup Chief Executive Jane Fraser said she wants to see crypto legislation passed into law, while she and other industry participants continue pushing for changes to the current text.
Fraser said of the Clarity Act: "We would like to see a good bill go through." Conditional support from a major bank Fraser's backing falls short of an endorsement of the current text.
She and others, the source shows, are still fighting for revisions. Backing a bill's passage while also lobbying to change its contents is the position both Fraser and her unnamed counterparts have staked out.
The question of who wins those revisions, and whose version of the bill ultimately goes to a vote, remains open.
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