Crypto market structure bill nears May push as ethics disputes and Trump ties cloud path forward
The Block
U.S. lawmakers are aiming for a mid-May markup of a crypto market structure bill despite unresolved ethics concerns and political friction.Summary
U.S. lawmakers in the Senate Banking Committee are targeting a mid-May markup for comprehensive crypto market structure legislation. Despite efforts by key negotiators like Sen. Thom Tillis and Chairman Tim Scott to advance the bill, significant hurdles remain. These include disputes over stablecoin rewards, DeFi regulations, and persistent ethics concerns regarding President Donald Trump’s financial interests in the crypto sector. With bipartisan support required to reach the 60-vote threshold in the Senate, ongoing political friction and disagreements over ethics provisions continue to cast doubt on the bill's final passage.
(Source：The Block)