Crypto bill clears U.S. Senate milestone as effort advanced through first committee
A U.S. Senate committee formally advanced the crypto market structure bill on Thursday, moving to a new stage with the legislation that the industry hopes will help it reach a new plateau of investor confidence and involvement.
This is as far as the crypto sector’s top policy effort has ever progressed in the Senate, though there are some headwinds. The committee working on the bill was the Senate Agriculture Committee, and its Republican chairman chose to step away from negotiations and vote on the legislation without bipartisan support. The resulting Republican-driven result — concluding quickly with a 12-11 party-line vote — will still need to gather significant Democratic support before it can eventually clear the structural…
