Another US Cryptocurrency Regulation Bill Delayed… Uncertain Passage Within the Year Due to White House's Delayed Confirmation

Source: TokenPost Original Title: US Cryptocurrency Regulatory Bill Delayed Again… Uncertainty Over Passage This Year Due to White House Response Delay Original Link: The possibility of passing the US cryptocurrency market structure bill within the year has become unclear due to delays in a definitive response from the White House. The main issues are ethics provisions and quorum requirements, with ongoing conflicts over political leadership.

The US Congress has once again delayed processing the cryptocurrency regulatory bill. As the White House postpones a definitive answer on key provisions, the chances of the bill passing this year have become uncertain.

Democratic Senator Mark Warner recently provided an update on the status of the cryptocurrency market structure bill at an event in New York. He stated that negotiations for the bill are ongoing daily, but it would be difficult to pass it before Christmas.

The biggest obstacle is the lack of a final stance from the White House on two core issues: ethics provisions and quorum requirements. Warner pointed out, “There is sharp division within the political sphere over who actually has leadership over this bill.” He explained that Republicans need to decide whether to view the bill as a matter led by Congress or by the White House.

Warner emphasized that his team and Republican aides are spending several hours every day negotiating. He stated, “I am confident we can complete the bill, but designing the proper structure is the most important thing.”

Another variable is the position of lawmakers concerned about national security. Senators Elizabeth Warren and Jack Reed recently sent letters to the US Department of Justice and the Treasury Department, urging a thorough investigation into whether token sales from crypto projects could be connected to illegal entities. They insist that the bill must include national security-related provisions.

This debate is also intertwined with next year’s US presidential election, potentially making political interests even more complex. The future direction of crypto policy could also change significantly.

Market Interpretation

With continued delays in legislation for a crypto market structure, expectations for integration into the traditional financial system are diminishing. Uncertainty for crypto companies is likely to persist without regulatory clarity.

Strategic Points

In the short term, pay attention to price volatility sensitive to regulatory issues. The bill’s delay could actually help ease concerns over strong regulation and may be interpreted positively.

Glossary

Quorum Requirement(Quorum Requirement): The minimum number of attendees required for a bill to be legislated or a meeting decision to be made

Ethics Provisions(Ethics Provisions): Regulations that set standards for the moral responsibility and conduct of public officials or institutions