U.S. Crypto Market Structure Bill Gains Momentum in Senate

The U.S. crypto market structure bill is gaining traction in the Senate Banking Committee, with a hearing aimed for mid-May. According to PANews, unresolved issues remain, such as stablecoin yields, ethical clauses, and U.S. President Donald Trump's crypto interests. Senator Thom Tillis has urged Committee Chair Tim Scott to advance the hearing but will oppose the bill if it lacks ethical provisions. Senator Angela Alsobrooks stressed the need to address illegal finance and ethics for bipartisan support. Senator John Kennedy is withholding support due to housing bill disputes. Chair Scott indicated the bill is in the 'red zone' and hopes for bipartisan review in May, with a Senate vote in June or July.