Market Structure Legislation
Interviews with industry participants and legislative aides paint a picture of a blown bill-writing process, with sources pointing to nearly every facet of the bill’s development and the debate around it as contributing factors to this month’s failed vote.
Prediction markets sharply marked down the crypto market structure bill’s near-term prospects as negotiations remained stuck hours before a key Senate vote.
The state AGs said they were concerned the crypto legislation might restrict their ability to bring securities and commodities cases tied to online scams.
Kalshi and Polymarket bettors sharply raised the chances of U.S. crypto market structure legislation advancing, with Tuesday’s Senate vote the next test.
There is no single cause for the crypto market’s 50% decline over the past year, the Binance founder told CoinDesk.
The Senate Banking Committee announced it would hold its markup hearing for the Clarity Act on March 14.
The World Liberty Financial co-founder and presidential son posted about the ongoing negotiations on stablecoin yield on Wednesday.
U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.
A provision addressing conflicts of interest would likely bolster Dem support for crypto market structure legislation, Angie Craig said.
The Senate only has a discussion draft out on market structure legislation so far, but Scott previously said he expects the bill to be done by the end of September.