52% of US Voters Back Crypto Market Structure Bill, Poll Shows
JH Kim
Summary
- A poll found that the US crypto market structure bill (CLARITY Act) has support from 52% of voters.
- The bill would clarify the regulatory framework for the cryptocurrency industry and supervisory authority.
- The market is watching how bipartisan support could affect the bill's chances of passage, as well as congressional debate and negotiations over detailed provisions.
Forecast Trend Report by Period
A majority of US voters support the CLARITY Act, a proposed cryptocurrency market structure bill, in a sign of bipartisan backing for the measure.
Eleanor Terrett, host of Crypto in America, said on May 7 that a recent poll found 52% of voters support the bill.
Opposition was 11%.
The survey showed the legislation drew support from Republican, Democratic and independent voters.
The bill would clarify the regulatory framework for the cryptocurrency industry and delineate supervisory authority.
Market participants are focused on whether that bipartisan support will improve the bill's chances of passage. Debate in Congress and negotiations over the measure's details remain key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.