US Senate Majority Leader Delays Digital Asset Market Structure Legislation Until April
- Senate Majority Leader John Thune stated that the digital asset market structure bill is unlikely to progress before April.
- The Senate will prioritize the SAVE America Act, requiring proof of US citizenship for voter registration, over crypto legislation.
- The Senate Agriculture Committee has already advanced its version of the market structure bill, while the Banking Committee postponed a necessary markup.
- An amendment prohibiting the US Federal Reserve from issuing a central bank digital currency (CBDC) was included in a housing bill and could remain effective until December 2030.
- The proposed CLARITY Act aims to grant more authority to the US Commodity Futures Trading Commission over digital assets.
Thune’s comments contrast with earlier statements from Senator Bernie Moreno, who anticipated progress by April. The ongoing discussions around key provisions such as tokenized equities and stablecoin yield highlight the complexities facing this legislation.
As it stands, significant delays are expected for the market structure bill, with no clear resolution in sight regarding its advancement before April. (Source)
