Following last month’s postponed markup, Senate Democrats are scheduled to gather to continue discussing the long-pending US crypto market structure bill. This is a crucial time for the bill’s prospects because it will be the first official Democratic discussion since the process halted.
Democratic senators are scheduled to meet later this week to discuss unsolved issues in the proposed CLARITY Act, according to journalist Eleanor Terrett. The purpose of the bill is to clearly distinguish between the Commodity Futures Trading Commission and the Securities and Exchange Commission in terms of regulatory supervision.
The White House’s pressure on lawmakers, banks, and cryptocurrency companies to settle disputes by the end of February is another reason for the fresh talks.
Alignment is needed ahead of a future markup if the bill is to move forward.
Analysts are of the opinion that the window for passing the legislation is narrowing as midterm elections are approaching. Still, there is optimism. Officials close to the administration think that spring could offer a realistic chance for progress, if bipartisan support holds.
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