Hey all, Aleks here.

All eyes are on the US Senate.

More than eight months after the House of Representatives passed a market structure bill called the Clarity Act, Senators continue to negotiate the details of their own version.

That bill would create a long-sought regulatory framework for cryptocurrencies in the US. It’s hard to overstate how much the industry wants it to pass — without it, US regulators will likely resurrect their Biden-era campaign to bring crypto to heel, one advocate recently warned.

But Senators keep missing self-imposed soft deadlines.

On March 17, Senator Tim Scott said he expected to see a fresh draft by the end of the week. Just a couple of days later, senators announced they had struck…