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Progress on the Cryptocurrency Market Structure Act faces obstacles; May 25 may become a key milestone.
Odaily Planet Daily News: There has been limited recent progress on the crypto market structural bill. May 25th, Memorial Day, is seen as an important milestone for advancing legislation. Market opinions suggest that if this window is missed, the bill’s progress may face further obstacles as the summer election cycle begins.
Currently, topics such as stablecoin yields and DeFi sales activities are still under discussion. Last week, more than 100 institutions jointly urged the Senate Banking Committee to initiate bill review procedures, pushing the Clarity Act into the next stage. Market structure legislation aims to solidify crypto regulatory rules into law to reduce the risk of policy reversals in the future.