US Senate May Delay Crypto Market Structure Bill Until April

John Thune, the Senate majority leader, reportedly said lawmakers are unlikely to advance legislation establishing a digital asset market structure before April. The chamber is expected to prioritize the SAVE America Act, which would require voters to provide proof of U.S. citizenship in person when registering to vote.

Thune indicated that the Senate plans to address the crypto market structure proposal only after completing work on the voting bill and other pending legislation.

Market Structure Bill Still Under Review

The proposed digital asset framework, known as the CLARITY Act, aims to define regulatory oversight for cryptocurrencies and expand authority for the Commodity Futures Trading Commission in supervising parts of the digital asset market.

Although the Senate Agriculture Committee has already advanced its version of the bill, the Senate Banking Committee postponed a planned markup earlier this year needed to finalize the combined proposal.

CBDC Ban Amendment Added to Housing Bill

Separately, the Senate voted to include an amendment in the 21st Century Road to Housing Act that would block the Federal Reserve from issuing a central bank digital currency until December 2030 if enacted into law.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.