US Senate Leader doesn‘t Expect Market Structure to Pass before April
Senator Thune stated the Senate likely won't vote on crypto market structure legislation until after April, prioritizing a voting rights bill.Summary
US Senate Majority Leader John Thune indicated that legislation to establish a digital asset market structure is unlikely to be considered before April. The Senate is currently prioritizing a vote on the SAVE America Act, which requires in-person proof of US citizenship for voter registration. Thune anticipates the crypto market structure bill will be addressed after this vote, hoping it will emerge from the Banking Committee soon. This statement contrasts with earlier optimism from Senator Bernie Moreno, who hoped for passage by April. The Senate has already advanced its version of the bill, but a crucial markup was postponed. Additionally, the Senate voted to include an amendment prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) until 2030. The CLARITY Act, as it’s known, aims to grant the Commodity Futures Trading Commission greater authority over digital assets, but disagreements remain regarding provisions related to tokenized equities, ethics, and stablecoin yield. Former President Trump recently accused banks of obstructing the bill's progress.
(Source：Cointelegraph)