Former Member of Congress (CO-07) and Holland & Knight, LLP Partner Hon. Ed Perlmutter [On Election Results] Says We're In A Place Where You Shape What Lame Duck Looks Like; Going To Be Very Tight Election; I Can See Sen. Schumer And Sen. Sherrod Brown To Get Safe Banking Finished In Senate; House Going To Be More Reluctance; Deal Making Still Probably Going to Involve Crypto
Portfolio Pulse from Benzinga Newsdesk
Former Congressman Ed Perlmutter discusses the potential for passing the Safe Banking Act in the Senate, with possible involvement of Senators Schumer and Brown. The House may show reluctance, and deal-making could involve cryptocurrency.
October 08, 2024 | 4:08 pm
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POSITIVE IMPACT
The potential passage of the Safe Banking Act in the Senate could positively impact cannabis-related ETFs like MSOS, as it would improve banking access for cannabis businesses.
The Safe Banking Act would allow cannabis businesses to access banking services, which is a significant hurdle for the industry. Progress in the Senate could lead to increased investor confidence in cannabis ETFs like MSOS.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80