US Senator: Crypto Market Structure Bill Not Expected to Pass Before April

According to a report by Cointelegraph, Senate Majority Leader John Thune stated that the Senate is not expected to advance legislation on digital asset market structures before April. Thune said the Senate plans to prioritize voting on the "Save America Act," which requires voters to personally provide proof of U.S. citizenship for registration. The market structure bill is expected to move forward after that vote, but may not be submitted to the Banking Committee until around April. This contradicts the earlier expectation of Ohio senators who hoped for April passage of congressional legislation. The Senate Agriculture Committee has advanced its version of the bill, but the Banking Committee has postponed the merger process scheduled for January. Last week, President Trump accused banks of "hijacking" the bill, and despite three meetings between the White House and representatives from the crypto and banking industries, it remains unclear as of Thursday whether policymakers have reached any agreement.