Senate GOP Unveils Crypto Market Structure Principles
On the heels of the House Financial Services Committee’s introduction of the CLARITY Act, Republican senators who serve on the Senate Banking Committee introduced their “Crypto Market Structure Principles” (the Principles) to establish a “baseline” for negotiating the Senate’s version of its market structure bill. Shortly after releasing the Principles, the Digital Assets Subcommittee of the Senate Banking Committee held a hearing on market structure.
Despite making this forward progress, it is unclear when the Senate will put pen to paper on a market structure bill. House Financial Services Chair French Hill has indicated that he would like to pass the CLARITY Act with stablecoin legislation, with the support of House…
