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Crypto Market Structure Bill Pulled by Senate Banking Committee: What's Next?
Source: CryptoNewsNet Original Title: What comes next: State of Crypto Original Link: The crypto industry spent the first three days of this week frantically poring over details of a crypto market structure bill that was ultimately pulled by the Senate Banking Committee some 12 hours before it was supposed to go to a vote. It’s not dead, yet. We might see a new markup scheduled in as few as two weeks. But advocates of the market structure bill did not have a good week.
The hints were there all week that the bill might be in trouble. On Tuesday, shortly after the text was released, someone told me, “I think this bill might be facing challenges.” Less than 48 hours later, the Senate Banking Committee’s chairman, Senator Tim Scott, announced he was postponing the markup hearing.