U.S. Crypto Sector Braces for Competitive Consequences as Senate Delays Bill
The U.S. Senate's procedural delays have put the crypto market structure bill, known as the Digital Asset Market Clarity Act, at risk of being delayed further.
Negotiators are still focused on resolving an ethics dispute, with a proposed revised provision awaiting White House approval.
The delay has deepened the U.S. crypto sector's competitive gap with offshore markets, according to industry groups, which warn that 80% of crypto developers and 88% of market share now operate outside the country.