U.S. Senate Postpones Release of Digital Asset Market Structure Bill Draft

JOON HYOUNG LEE

Summary

The U.S. Senate has postponed the release of the draft Digital Asset Market Structure Bill to next week.
This bill aims to address gaps in cryptocurrency regulation, and it was recently approved by key committees in the U.S. House.
During Crypto Week next week, the U.S. House will focus on debating major cryptocurrency bills and tax policies.

The U.S. Senate has postponed the release of the 'Digital Asset Market Structure Bill (CLARITY Act)', which was originally scheduled for this week, to next week.

On the 10th (local time), Eleanor Terrett, host of 'Crypto in America', announced on her X (formerly Twitter) account, "The U.S. Senate Committee on Banking, Housing, and Urban Affairs plans to postpone the release of the Digital Asset Market Structure Bill draft to next week." The Senate Committee initially planned to unveil the draft this week.

As its name 'Clarity' suggests, the Digital Asset Market Structure Bill aims to address regulatory gaps in the cryptocurrency sector. The bill is a comprehensive revision of the 'FIT21' (Financial Innovation and Technology for the 21st Century Act) introduced in 2023, and it was recently passed in markup sessions by the U.S. House Committee on Financial Services and the U.S. House Committee on Agriculture.

Meanwhile, the U.S. House Committee on Ways and Means will hold a hearing next week on '21st-Century Cryptocurrency Taxation Policies.' Next week has been designated 'Crypto Week' by the House, during which major crypto-related bills will be intensively discussed.

BTC

ETH