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BREAKING: JPMorgan says the Crypto Market Structure Bill is close to completion.
Contentious issues have been narrowed down from over a dozen to just 2-3. Stablecoin regulation is now reportedly in a good place.
The bill must clear the Senate Banking Committee by mid May to get a floor vote before Memorial Day. Senator Moreno has warned that if it does not reach the Senate floor by May it gets shelved until 2027.
JPMorgan says if passed it will reshape market structure, promote tokenization, and bring in institutional capital that has been sitting on the sidelines waiting for regulatory clarity.
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