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Sources: The Cryptocurrency Market Structure Act may be advanced in mid-May
BlockBeats News, May 1st, according to sources, the crypto market structural bill may be advanced in mid-May.
This Wednesday, key figures involved in the cryptocurrency bill negotiations, North Carolina Republican Senator Thom Tillis, stated that he has requested the chairman of the Senate Banking Committee, South Carolina Republican Senator Tim Scott, to “expedite” hearings so that the bill can be amended and voted on.
Additionally, another negotiation representative this week, Angela Alsobrooks, said that if legislators want to hold bipartisan votes in the Senate Banking Committee, they need to address illegal financing and ethical issues.
However, Senate Chairman Scott stated that he believes the ethics provisions do not need to be reviewed by his committee.
It is currently unclear where the provision will be submitted next, whether it should be reviewed by other committees, but it is very likely that discussions will be needed before submitting it to a full Senate vote.