US Crypto Bill Stalls as Election Deadline Looms
Momentum behind a pivotal US cryptocurrency market structure bill has ground to a halt, sparking industry concerns as legislative timelines collide with election season. The window for passage narrows daily, with Memorial Day emerging as a critical cutoff before lawmakers shift focus to campaigning.
Over 100 industry stakeholders escalated pressure last week through an open letter demanding immediate Senate Banking Committee action. Without a hearing - the essential first step - prospects dim for establishing regulatory clarity before voters head to the polls. Persistent unresolved issues continue to plague negotiations.
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