What to expect with US crypto policy as Congress comes back in session

According to some Republican lawmakers, the first crypto-related priority in the Senate will be to pass legislation for market structure.

After a monthlong break, the US Senate and House of Representatives are scheduled to return to conducting government business, which includes key policies affecting the cryptocurrency and blockchain industry.

Both chambers of the 119th session of the US Congress went on recess weeks ago as part of their schedule established in January. The move effectively paused any work toward passage of a bill to establish digital asset market structure, consider the nomination of Brian Quintenz to become chair of the Commodity Futures Trading Commission (CFTC), and legislation containing a provision for restricting a central bank digital currency (CBDC).

One of the first legislative items on Republicans’ agenda upon their return will be to pass a bill establishing crypto market structure out of a committee and for a floor vote.

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