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The U.S. Senate's review of the Crypto Market Structure Act is entering its final stages, with industry lobbying intensifying
With just one week remaining before the U.S. Senate Banking Committee reviews the Crypto Market Structure Act, senators from both parties are intensifying discussions on crypto ethics for public officials, stablecoin yields, bipartisan representation on regulatory bodies, and certain DeFi provisions, with multiple parties signaling cautious optimism; the hearing is expected to take place on January 15. Meanwhile, the Senate Agriculture Committee may move forward with deliberations on digital commodities next week to avoid the risk of a potential government shutdown at the end of the month. The crypto industry is simultaneously ramping up lobbying efforts this week, with the Digital Chamber of Commerce organizing more than 40 organizations to visit Capitol Hill to discuss key points of contention with senators.
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