US Senators Urge Swift Action on Bitcoin, Crypto Market Structure Bill
US Senators, including Cynthia Lummis, are pressing for swift passage of crypto market structure legislation, targeting an April markup.Summary
U.S. Senators are strongly urging lawmakers to advance legislation designed to clarify the structure of the Bitcoin and broader cryptocurrency market. Senator Cynthia Lummis stressed the urgency, stating this might be the only chance to finalize market structure rules and confirmed the Banking Committee plans to mark up the bill in April after the Easter recess. Lummis also mentioned progress on a potential compromise regarding stablecoin yield, though she noted banks remain hesitant. Senator Kevin Cramer echoed the call for speed, warning that time is short. The bill is gaining momentum, with Senate Banking Committee Chairman Tim Scott indicating a revised draft focused on stablecoins could be introduced soon. Key areas of negotiation include balancing innovation with financial stability, DeFi, and Anti-Money Laundering (AML) regulations, with advocates pushing for stronger KYC requirements.
(Source：Bitcoin Magazine)