The U.S. Senate has new developments in cryptocurrency market regulation. The Chair of the Agriculture Committee is considering delaying the scheduled review of the Crypto Market Structure Act on January 15th, aiming to deepen bipartisan negotiations with Democratic senators. This adjustment mainly seeks to resolve disagreements over the division of regulatory authority—essentially, different committees still have opinions on who should oversee the crypto market. The White House is urging for a swift process and hopes to finalize a plan as soon as possible. However, there has been no official announcement yet about a rescheduling of the review, and the matter is still under discussion. For the entire crypto market, the U.S. regulatory framework is becoming increasingly mature. Although the process is somewhat complex, in the long run, this is beneficial for the industry’s standardized development.
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The U.S. Senate has new developments in cryptocurrency market regulation. The Chair of the Agriculture Committee is considering delaying the scheduled review of the Crypto Market Structure Act on January 15th, aiming to deepen bipartisan negotiations with Democratic senators. This adjustment mainly seeks to resolve disagreements over the division of regulatory authority—essentially, different committees still have opinions on who should oversee the crypto market. The White House is urging for a swift process and hopes to finalize a plan as soon as possible. However, there has been no official announcement yet about a rescheduling of the review, and the matter is still under discussion. For the entire crypto market, the U.S. regulatory framework is becoming increasingly mature. Although the process is somewhat complex, in the long run, this is beneficial for the industry’s standardized development.