Thom Tillis has urged the Senate Banking Committee to move forward with a crypto market structure bill into markup in May, aiming to accelerate the regulatory framework for digital assets.
According to Punchbowl News, the move is also intended to allow more time for lawmakers to reach a compromise on stablecoin regulations, particularly those tied to banking institutions.
This development comes amid growing pressure to establish clear rules for the crypto market in the United States, as debates continue over balancing innovation with financial stability and investor protection.
Observers believe that advancing this legislation could mark a significant step toward greater regulatory clarity, potentially supporting market growth and institutional confidence, despite ongoing disagreements over key issues such as stablecoin oversight.