What if crypto's U.S. market structure effort just never gets there?

Source: CryptoNewsNet Original Title: What if crypto’s U.S. market structure effort just never gets there? Original Link: https://cryptonews.net/news/legal/32160397/ The U.S. senators negotiating the crypto market structure bill have rarely been so openly eager to find a bipartisan solution for that legislation. Even as political noise and clashes around them rage, lawmakers and staffers have met for an earnest series of talks seeking to hash out the industry’s regulatory destiny in the U.S.

Despite this increasingly rare bipartisan exercise and the confidence expressed by some of the leading players, the unresolved details of the legislation are significant, and some of the coming headwinds are out of their hands.

After the House of Representatives cleared—for the second time in recent years—a bill to set up a regulatory regime for the crypto markets, the Digital Asset Market Clarity Act, the Senate snatched that baton and got to work on a parallel effort. To the frustration of House lawmakers, they declined to simply take up the Clarity Act and revise it, but instead worked on their own similar-but-distinct take.

Now, that work has slipped into January, as decided by Senate Banking Committee Chairman Tim Scott, who gathered crypto representatives and fellow lawmakers again this week to have another end-of-year chat about next steps. Even with all this cooperative energy, nothing is ever certain in Congress.