U.S. Crypto Market Structure Bill Enters Final Legislative Window in June–August

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According to NYDIG research head Greg Cipolaro, the U.S. Senate’s crypto market structure bill has a realistic legislative window of June through early August; if not advanced during this period, it faces extended uncertainty beyond midterm elections. The Senate Banking Committee has moved the draft to a full Senate vote, requiring at least 60 votes to pass. Once enacted, the bill is expected to provide regulatory clarity, including a classification of Bitcoin as a commodity, potentially reducing uncertainty for institutional market entry.

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