No deal yet with Dems on crypto bill, Senator Boozman confirms
The US Senate Agriculture Committee released a Republican draft of the market structure bill, which includes protections for crypto developers, setting it up for a markup next week.
However, Senate Agriculture Committee Chair John Boozman confirmed that Republicans and Democrats have not yet reached an agreement on the cryptocurrency market structure bill that will be considered next week.
The lack of consensus in Congress on cryptocurrency regulation is not surprising, given the ambiguous position of lawmakers regarding the prospects for the development of this industry. Republicans, as a rule, take a more favorable position, while Democrats advocate for tighter control.
Nevertheless, it is clear that Congress continues to actively work on the formation of a regulatory framework for the US cryptocurrency market. The adoption of the relevant law will be an important step in ensuring legal certainty and protecting industry participants.