The U.S. Senate majority leader filed a motion early Saturday morning to begin consideration of the Digital Asset Market Clarity Act, a crypto market structure bill. The procedural move came after the Senate wrapped up a voting session that lasted deep into the night. Given the late timing of the filing, the Senate will not be able to hold a vote on the bill before the August recess. Instead, the motion is designed to allow for an almost immediate preliminary vote once the Senate reconvenes next month. Several policy questions still stand in the way. Lawmakers must reach agreements on government ethics provisions, enforcement rules, and the treatment of stablecoin yields and rewards. Until those issues are resolved, the bill's path to a floor vote will not be fully cleared. The motion sets the stage for an initial vote in September, but further negotiations are required. This information was originally reported by Odaily.
The U.S. Senate majority leader filed a motion early Saturday to begin consideration of the Digital Asset Market Clarity Act, a crypto market structure bill. The filing followed a voting session that stretched late into the night. Because the motion came so late, the Senate will not be able to vote on the bill before its August recess.
The motion sets up an almost immediate initial vote when the chamber reconvenes next month. Lawmakers still need to reach agreements on government ethics, enforcement provisions, and stablecoin yields and rewards before the bill can move through the voting process smoothly.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
