US Congress Edges Closer to Historic Crypto Regulation Bill

The US Congress may be on the cusp of a major milestone in regulating the digital assets market, with a Senate vote expected this month on the Digital Asset Market Clarity Act. The bill has been cleared by the Senate Banking Committee but requires 60 votes to pass.

Coinbase's Chief Policy Officer Faryar Shirzad believes that the passage of the bill is within reach and could bring significant regulatory clarity to the crypto sector. He describes it as the most significant financial regulatory legislation since Dodd-Frank, which would create a clear framework for the industry.