According to The Block, U.S. lawmakers are eyeing a mid-May markup for crypto market structure legislation, with Sen. Thom Tillis, R-N.C., asking Senate Banking Committee Chair Tim Scott, R-S.C., to schedule a hearing on Wednesday. However, key disputes remain unresolved, including ethics provisions related to President Donald Trump’s crypto ties. Tillis told Politico he would oppose the bill if it lacks ethics language. Sen. Angela Alsobrooks, D-Md., stated that illicit finance and ethics issues must be resolved to secure a bipartisan vote. The bill requires 60 votes to pass the Senate, making approval difficult as all Republicans and some Democrats must support it. Main obstacles include stablecoin rewards treatment, decentralized finance language, and concerns over Trump’s estimated $1.4 billion in crypto assets.
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