US Senator: Crypto Market Structure Bill Not Expected to Pass Before April

PANews reported on March 13th, citing Cointelegraph, that Senate Majority Leader John Thune stated that the Senate is not expected to advance digital asset market structure legislation before April. Thune said the Senate plans to prioritize a vote on the "Saving America Act," which requires voters to personally provide proof of U.S. citizenship for registration. The market structure bill is expected to move forward after that vote and may not be submitted to the Banking Committee until around April.

This contradicts previous expectations from Ohio senators who hoped to pass congressional legislation in April. The Senate Agriculture Committee has advanced its version of the bill, but the Banking Committee has postponed the merger process scheduled for January. Last week, President Trump accused banks of "hijacking" the bill, and despite three meetings between the White House and representatives from the crypto and banking industries, it remained unclear as of Thursday whether policymakers had reached any agreement.