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Expectations for the advancement of the U.S. Cryptocurrency Market Structure Act have significantly improved
Golden Finance reports that on May 9th, after reaching a compromise on the issue of stablecoin yields, the progress of the crypto market structure bill has significantly improved expectations. Industry insiders say this development “substantially boosted market sentiment,” and the Senate Banking Committee may advance review and voting as early as next week.
Previously, the bill’s passage probability was only about 20%–30%, but it is now expected to have increased to around 60%. However, ethical issues related to Donald Trump and his crypto business connections are still seen as the final key obstacle. The bill aims to establish a comprehensive regulatory framework at the federal level for the first time and delineate regulatory authority between the SEC and CFTC.