Rep. Steil: Market structure bill still on track, despite shutdown

Senate Republicans initially said they planned to pass digital asset market structure before 2026, but consideration of the bill was already delayed before the shutdown.

Wisconsin Representative Bryan Steil, one of the original cosponsors of the House of Representatives’ crypto market structure bill, the CLARITY Act, said Republicans’ timeline of passing the legislation before 2026 was still the plan, despite the ongoing government shutdown.

In a Wednesday CNBC interview, Steil said Republicans’ plan for passing legislation to establish what they called regulatory clarity for the digital industry was still on track. Party leaders in the Senate pledged to have the chamber’s version of the bill signed into law by 2026, but as the government shutdown entered its eighth day, many in the industry have voiced concerns.

“I think we still have an opportunity to get CLARITY across the line by the end of the year,” said Steil, adding: “I’m hopeful that as we come on the other side of the shutdown that we have an opportunity to hit the ground running and have the Senate move forward quickly.”

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