{"id":68812,"date":"2026-04-07T08:57:03","date_gmt":"2026-04-07T01:57:03","guid":{"rendered":"https:\/\/hbbgroup.net\/us-senate-banking-panel-member-confirms-april-timeline-for-crypto-market-structure\/"},"modified":"2026-04-07T08:57:03","modified_gmt":"2026-04-07T01:57:03","slug":"us-senate-banking-panel-member-confirms-april-timeline-for-crypto-market-structure","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/us-senate-banking-panel-member-confirms-april-timeline-for-crypto-market-structure\/","title":{"rendered":"US Senate Banking panel member confirms April timeline for crypto market structure"},"content":{"rendered":"
\n

US Senate Banking Committee member Bill Hagerty said Monday that he expects a potential path for a digital asset market structure in the coming weeks after months of delays in Congress.<\/p>\n

Speaking at the Digital Assets and Emerging Tech Policy Summit at Vanderbilt University, he said<\/a> his fellow Republican lawmakers planned to move the bill through the banking panel starting next week. <\/p>\n

\u201cWe will be in a position, I hope, to bring all of this together very soon,\u201d said Hagerty, referring to work on the bill in the Senate. \u201cOn the banking committee side, I think we\u2019re very close, and my expectation is that we get it into committee in this next work period that starts on Monday of next week, so that over the next several weeks we should have this into the banking committee.\u201d<\/p>\n

The Tennessee senator added:<\/p>\n

\u201cThere\u2019re several issues still outstanding, I think none of them are insurmountable and we will get to a point I believe in April that we\u2019ll have it out of the banking committee. There\u2019s still a lot more work to do.\u201d<\/p><\/blockquote>\n

\"Cryptocurrencies,
US Senator Bill Hagerty at the April 6 Digital Assets and Emerging Tech Policy Summit.<\/em> Source: <\/em>Blockchain Association<\/em><\/a><\/figcaption><\/figure>\n

Originally titled the CLARITY Act when it passed the House of Representatives in July, the bill is considered by many lawmakers and industry leaders to be one of the most significant pieces of crypto legislation, but it has faced delays in Congress amid government shutdowns, industry pushback on stablecoin yield and ethics concerns.<\/p>\n

It is expected to provide a comprehensive framework for cryptocurrencies in the US, including largely changing oversight of the market from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC).\u00a0<\/p>\n

Because both agencies are involved, the legislation would need approval from the committee responsible for commodities \u2014 Senate Agriculture \u2014 and that for securities, the banking committee. The agriculture committee advanced its version<\/a> of the crypto bill in a January markup, but concerns over tokenized equities, ethics, and stablecoin yield have delayed consideration in the banking committee, which needs to hold a markup before a potential floor vote in the Senate.<\/p>\n

Related: <\/strong><\/em>CFTC chair says agency is ready to oversee entire crypto market<\/strong><\/em><\/a><\/p>\n

\u201cWe\u2019re going into the midterms,\u201d said Hagerty. \u201cI think if we get this done in April, we can clearly get this taken care of before the midterms.\u201d<\/p>\n

Limited window for market structure as crypto potentially influences US elections again<\/h2>\n

Hagerty\u2019s comments echoed those of Coinbase chief legal officer Paul Grewal, who said last week<\/a> that lawmakers were \u201cclose to a deal\u201d on stablecoin yield and other issues in the market structure bill.<\/p>\n

According to the Coinbase-backed advocacy group Stand With Crypto, the way lawmakers vote on the legislation<\/a> could impact their chances for the 2026 midterms, setting the stage for crypto interest groups to potentially influence another major US election.<\/p>\n