ChainCatcher report, according to Cointelegraph, U.S. Senate Majority Leader John Thune stated that the Senate is not expected to advance legislation on digital asset market structure before April. Thune said the Senate plans to prioritize voting on the "Save America Act," which requires voters to provide in-person proof of U.S. citizenship for registration. The market structure bill is expected to proceed only after the vote on this bill, potentially not reaching the Banking Committee for submission until around April. This contradicts earlier expectations from Ohio Senator that congressional legislation would pass by April. While the Senate Agriculture Committee has advanced its version of the bill, the Banking Committee has delayed the consolidation process scheduled for January. Last week, President Trump accused banks of "holding hostage" the bill; despite three meetings held by the White House with representatives from the crypto and banking sectors, as of Thursday it remains unclear whether policymakers have reached any agreement.
U.S. Senator: Crypto Market Structure Bill Not Expected to Pass Before April
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Summary
A recent crypto market update shows that U.S. Senate Majority Leader John Thune has delayed moving forward with digital asset market structure legislation until after April. Thune stated that the Senate will first prioritize the 'Save America Act.' The market structure bill could proceed following that vote, potentially when the Banking Committee submits it in April. This timeline differs from earlier expectations. While the Agriculture Committee has advanced its version, the Banking Committee postponed a January merger. President Trump criticized the Banking Committee for 'holding hostage' the bill, but no agreement was reached by Thursday despite White House meetings.
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