Former House Financial Services Committee Chairman: Market Structure Bill Could Pass Within Months
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The US Cryptocurrency Market Structure Act (CLARITY) could pass within months, former House Financial Services Committee Chairman Patrick McHenry told CoinDesk. He said, "I believe the final version of the market structure bill will be signed by the president by the end of May. President Donald Trump has made this legislation a personal priority following the passage of the Stablecoin Regulation Act (GENIUS). DeFi is fundamental to the efficiency and transparency of cryptocurrencies, and it is an essential part of the bill." The market structure bill faces issues such as whether to ban stablecoin profits, the scope of DeFi, which cryptocurrencies should be considered commodities or securities, and ethics and conflicts of interest for public officials. While Democrats argue for stronger regulation, citing consumer harm and ethical concerns, Republicans and the White House are currently discussing a compromise.
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