The bipartisan crypto bill by US Senators Cynthia Lummis and Kirsten Gillibrand is unlikely to go to a vote this year, Lummis said on Tuesday.
According to the lawmaker, the crypto legislation might see a Senate vote in 2023, noting that the bill still has to go through various committees.
She told Bloomberg that crypto bill is “a big topic,” that covers a wide-ranging set of regulatory aspects.
Bill seeks more regulatory clarityThe crypto sector is keenly watching developments across the US regulatory space, with the Lummis-Gillibrand bill seen as a watershed moment for clarity in the regulation of crypto assets, including the highly-spotlighted stablecoin market.
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