Crypto market structure bill nears May push as ethics disputes and Trump ties cloud path forward
U.S. crypto market structure legislation could face a Senate Banking Committee markup in mid-May, but unresolved disputes threaten progress. Key issues include stablecoin rewards, ethics provisions, and DeFi concerns—complicated further by Trump's substantial crypto holdings drawing Democratic opposition. Passage odds remain low at 15-50%, dependent on resolving regulatory jurisdiction between CFTC and SEC while addressing political conflicts of interest.
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U.S. Senate unanimously banned members and staff from betting on prediction markets, citing conflict-of-interest concerns. The restriction takes effect immediately and prohibits senators from wagering on platforms like Polymarket. Leading prediction market operators support the move, though the platforms remain largely unregulated. No direct India angle, but regulatory clarity affects global crypto adoption trends investors monitor.
Senator Warren questions Commerce Secretary Lutnick on Tether loan to family
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