The U.S. cryptocurrency market structure legislation delayed; the Senate Banking Committee's review in April is unlikely.

Golden Finance reports that on April 21, according to The Block, key negotiators of the U.S. Senate Banking Committee, North Carolina Republican Senator Thom Tillis, stated that the committee does not expect to schedule hearings for revisions and votes on the Crypto Market Structure Act within April.
Currently, the main legislative disagreement centers on how to handle stablecoin rewards. The current draft proposes banning idle stablecoin account rewards but allowing earnings from trading activities; banking representatives worry that such earnings will attract deposit outflows from traditional banks, while crypto companies believe restricting rewards will hinder innovation. Tillis suggested delaying the committee’s review until May.
Previously, Senator Bernie Moreno warned that if the bill fails to pass before May, “Legislation on digital assets will be unable to advance in the foreseeable future.”

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin