In brief
- Cynthia Lummis (R-WY) said the Senate will mark up the Clarity Act in April, with Bernie Moreno (R-OH) warning it must pass by May.
- The bill faces key hurdles, especially disputes over stablecoin yield and a current lack of bipartisan support.
- Additional conflicts over DeFi and President Donald Trump’s crypto ties could also prevent the bill’s passage.
After months of setbacks, a final plan is emerging from Senate Republicans to get a crypto market structure bill over the finish line before political momentum evaporates on Capitol Hill.
Cynthia Lummis (R-WY), the legislation’s chief champion in the Senate, said Wednesday the Senate Banking Committee will hold a rescheduled markup of the market structure bill, dubbed the…
