Significant Progress for Crypto Regulation Bill
On Thursday, the U.S. Senate Agriculture Committee passed the crypto market structure legislation by a vote of 12 to 11, marking the first time the bill has advanced beyond the committee stage toward full Senate consideration.
Bipartisan Concerns Remain
While a major win for the crypto industry, the bill still lacks support from Senate Democrats, who have raised concerns over ethics clauses and potential conflicts of interest involving high-ranking officials.
White House Steps In
To help broker a bipartisan agreement, the White House is planning to convene a new round of talks next week with crypto firms, banking representatives, and lawmakers from both parties.
- Bill must still pass through the Senate Banking Committee
- Cross-party collaboration remains critical
- Conflicts of interest continue to draw scrutiny