US Senator Hagerty Confirms April Timeline for Crypto Market Structure

Senator Bill Hagerty has confirmed an April timeline for advancing a digital asset market structure bill through the US Senate Banking Committee. He indicated that Republican lawmakers plan to move the bill through the committee starting the week of April 8th, with expectations to have it out of committee by April. While several issues remain outstanding, Hagerty believes they are not insurmountable. The bill, originally the CLARITY Act, aims to establish a comprehensive framework for cryptocurrencies in the US, shifting significant oversight from the SEC to the CFTC. Its progress has been delayed by government shutdowns and industry concerns regarding stablecoin yield and ethics. The legislation requires approval from both the Senate Agriculture and Banking committees. Hagerty expressed optimism that the bill could be finalized before the upcoming midterms.

(Source：Cointelegraph)