The Block reported that the US Congress's cryptocurrency Market Structure Bill (CLARITY) is being pushed with the goal of a vote (markup) in the Senate Banking Committee in mid-May. The media stated, "Senator Thom Tillis requested to expedite the schedule, increasing the pace of legislation, but disagreements persist over whether to include ethical regulations. Key issues include: stablecoin compensation structures, DeFi regulation, and allocation of oversight authority. In particular, the cryptocurrency business interests of Donald Trump's family have emerged as a political issue, fueling opposition from Democrats," it explained. While 60 votes are needed for Senate passage, making bipartisan agreement essential, the possibility of some Republicans defecting has also been raised. In this regard, an industry insider assessed, "We see the possibility of the market structure bill passing at 15-50%."
