According to The Block, the Senate Banking Committee is eyeing a mid-May markup for crypto market structure legislation, with Sen. Thom Tillis telling FOX Business this week that he asked committee chair Tim Scott to schedule a hearing. However, key disputes remain unresolved, including ethics language addressing President Trump’s crypto holdings, which an industry source said could reduce the bill’s passage chances to 15%-25%. Sen. Tillis told Politico he would oppose the bill without ethics provisions, while Sen. Angela Alsobrooks emphasized that illicit finance and ethics concerns must be resolved for a bipartisan committee vote. The bill requires 60 Senate votes to pass.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple CEO States XRP Already Has Regulatory Clarity at Las Vegas 2026 Event
At XRP Las Vegas 2026, Ripple CEO Brad Garlinghouse stated that XRP already possesses regulatory clarity, emphasizing that pending legislation is not a prerequisite for the token's legal standing. When asked about the proposed CLARITY Act, Garlinghouse said, "XRP has clarity already. That's what
GateNews1h ago
Senate Unanimously Bans Members From Prediction Market Wagers
The U.S. Senate agreed unanimously to revise its rules and ban members and their staffs from placing wagers on prediction markets platforms, according to the Senate's official action.
Rule Change on Prediction Market Activity
The revised rules prohibit senators and Senate staff from engaging in w
CryptoFrontier2h ago
Tether loan to Lutnick family trust: Democratic senator probes political and business favoritism
Warren and Wyden wrote to Lutnick and Tether’s Ardoino, requesting related documents regarding a loan from Dynasty Trust A to Lutnick’s children. The loan is secured by trust assets, with consideration consisting of Cantor Fitzgerald convertible bonds and Tether 5% equity call options, to be disclosed the day after Lutnick sells his shares to his children. The core question is the source of funds and whether any involvement with government regulation would affect it, creating a conflict of interest. If there is no response by 5/13, it could impact the outlook for U.S. listing and the GENIUS Act.
ChainNewsAbmedia3h ago
UK FCA Unveils Regulatory Framework for Tokenized Funds in Mainstream Markets
According to the Financial Conduct Authority, the UK regulator has introduced a new regulatory framework under statement PS26/7 that permits tokenized investment funds to operate within the UK's mainstream regulatory structure rather than under separate experimental arrangements. The framework
GateNews4h ago
Kenyan Central Bank Moves to Vet VASP Applications With 4 Hires
The Central Bank of Kenya is reportedly actively recruiting for its first-ever dedicated virtual asset service provider supervision team.
Key Takeaways:
CBK opened recruitment for 4 VASP oversight roles following the passage of the 2025 VASP Act.
The recruitment signals that the CBK aims to
Coinpedia7h ago
Bithumb Wins Court Stay Against Six-Month Suspension
South Korea's Seoul Administrative Court Second Administrative Division granted Bithumb, one of the country's largest cryptocurrency exchanges, a temporary stay of execution on April 30, halting a six-month partial business suspension imposed by regulators. According to the court ruling, the suspens
CryptoFrontier8h ago
