Svmuu News The timeline for advancing the U.S. "Clarity Act" crypto market structure bill faces uncertainty. The plan, originally scheduled to enter the review process this month, may be delayed until May due to pressure from banking industry lobbying.
The report indicates that some banking associations have expressed dissatisfaction with the stablecoin revenue restriction clauses and are pressuring members of the Senate Banking Committee to adjust the bill's content. Concurrently, White House crypto advisor Patrick Witt publicly criticized the related lobbying activities.
Currently, the bill still needs to reach consensus on key issues including stablecoin revenue, DeFi clauses, and ethical concerns. Whether a review timeline can be finalized this week remains uncertain. (Crypto In America)