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Senate Crypto Bill Might Pass as Late as August: NYDIG

Cointelegraph
NYDIG research head Greg Cipolaro warns that the US Senate crypto bill faces a tight August deadline before midterms jeopardize its passage.

Summary

Greg Cipolaro of NYDIG states that the US Senate's crypto market structure bill faces a critical legislative window ending in early August. While some officials previously targeted early July, procedural delays and the upcoming midterm elections create significant risks for the bill's survival. If it fails to pass before the summer recess, the legislation may face a difficult path in a post-election lame-duck session or stall entirely if political control of the Senate shifts. Proponents argue the bill is essential to provide regulatory clarity for Bitcoin and institutional investors, whereas failure could leave the industry in a state of jurisdictional uncertainty.

(Source:Cointelegraph)