The ongoing government shutdown is causing delays in the legislative process for the crypto market structure bill, known as the CLARITY Act. Despite the setbacks, key lawmakers remain optimistic about the bill's future, as they believe it will ultimately pass, according to the official information.
Hope for CLARITY Act by 2026
Wisconsin Representative Bryan Steil expressed hope that the CLARITY Act could be signed into law by 2026. He emphasized that once the government shutdown is resolved, the Senate would be able to expedite the legislative process.
Potential End to Government Shutdown
In a related development, White House economic adviser Kevin Hassett suggested that the shutdown could potentially come to an end this week. This would pave the way for negotiations on various policies, including the much-anticipated crypto legislation, which aims to provide clarity and a regulatory framework for the digital asset market.
In a significant development, the US government approved a $20 billion bailout for Argentina as it navigates economic reforms. This move contrasts with the ongoing legislative challenges faced by the crypto market structure bill. For more details, see further information.
