Patrick McHenry stated that the Cryptocurrency Market Structure Act is expected to be introduced before Memorial Day, and the Senate may even take action before Easter. He believes that the current momentum is strong, and negotiations are ongoing, especially regarding yields. Cryptocurrency companies are willing to compromise, but banks have so far remained cautious. McHenry candidly pointed out that if legislation is to make progress, this imbalance in Washington will not continue. If his prediction comes true, the regulatory pressure that the market has anticipated for years may finally begin to ease.
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Patrick McHenry stated that the Cryptocurrency Market Structure Act is expected to be introduced before Memorial Day, and the Senate may even take action before Easter. He believes that the current momentum is strong, and negotiations are ongoing, especially regarding yields. Cryptocurrency companies are willing to compromise, but banks have so far remained cautious. McHenry candidly pointed out that if legislation is to make progress, this imbalance in Washington will not continue. If his prediction comes true, the regulatory pressure that the market has anticipated for years may finally begin to ease.