Wednesday, May 22, 2024

Latest Posts

Is the SAFE Banking Bill finally actually happening?

For the first time since it’s introduction in 2015, the SAFE (now SAFER) Banking Bill is making it’s way to a vote in front of the full Senate after passing the Banking Committee. It has a majority of bipartisan supporters in the Senate, so does this mean this will be a slam dunk?

Unfortunately no. Because of the changes in the Senate, the bill has to go back through the House, where Republicans have a majority. And, as one analyst tells CNBC, “Republicans seem to be souring on it.”

This is mainly due to some of the higher regulations that have been added, including a prohibition to terminate any accounts without a good enough reason or to do so because of “personal beliefs or political motivations.”

So despite getting closer than ever before in its 8 years of existence, don’t hold your breath. This all comes as dispensary robberies in Oregon happen about every other day, according to Senator Jeff Merkley.

It’s all a little bit absurd, isn’t it.

Visits: 281

Latest Posts

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.