Crypto Market Structure Bill Faces Delay Amid Bipartisan Negotiations
Senate Banking Committee Chairman Tim Scott postponed a key vote on the CLARITY Act, framing the delay as tactical rather than a setback. "Everyone remains at the table working in good faith," Scott stated, emphasizing ongoing bipartisan negotiations. The bill aims to address crypto market structure, with Republicans incorporating over 90 Democratic priorities—including anti-money laundering (AML) measures tied to national security concerns.
Coinbase CEO Brian Armstrong abruptly withdrew support, citing risks of stifling tokenized equities and overregulation. The MOVE underscores industry tensions as lawmakers balance innovation with oversight. Market participants now watch for revised language that could realign stakeholders.