Paradigm Exec Warns of Extended Timeline for Crypto Market Structure Bill Implementation
Justin Slaughter, Vice President of Regulatory Affairs at Paradigm, cautions that the crypto market structure bill's rollout could span multiple presidential terms despite bipartisan support. The bill has advanced to the Senate committee stage, with a markup session scheduled this week by the Senate Banking Committee. Meanwhile, the Senate Agriculture Committee has postponed its hearing to late January.
Slaughter highlights the complexity of the rulemaking process, citing 45 required rulemakings embedded in the legislation. "The implementation timeline will likely extend beyond this presidential term and into the next," he stated on X, emphasizing the bureaucratic hurdles ahead. Analysts note the crypto industry's growing impatience for regulatory clarity as the process unfolds at a glacial pace.
