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According to Gold Finance, on March 13, U.S. Senate Majority Leader John Thune stated that the Senate does not expect to advance legislation on the digital asset market structure before April. Thune said that the Senate plans to prioritize a vote on the "Save America Act," which requires voters to personally provide proof of U.S. citizenship for registration. The market structure bill is expected to be advanced after that bill's vote and may not be submitted by the Banking Committee until around April.
This is inconsistent with earlier expectations from Ohio Senator who hoped to pass the legislation through Congress by April. The Senate Agriculture Committee has advanced its version of the bill, but the Banking Committee delayed the consolidation process that was scheduled for January. Last week, President Trump criticized banks for "holding hostage" the bill. Although the White House has held three meetings with representatives from the crypto and banking industries, as of Thursday, it remains unclear whether policymakers have reached any agreement.