The House is poised to take some big swings on crypto policy next week. But in the Senate, the crypto sector’s road to regulatory clarity is getting murkier.
Since passing a major stablecoin bill in June, the Senate has made clear they’re going to move slower than the House on the sector’s heavier policy lift: market structure regulation, which will retool the responsibilities of financial agencies for crypto.
But right now, we’re detecting some bipartisan hesitation among crypto-friendly senators. Enacting these changes before the end of September is ambitious, and members are worried about making mistakes. “Frankly, on market structure, I gotta get a lot more educated,” Sen. Mark Warner (D-Va.) said.
