美国加密市场结构法案进入关键期：NYDIG警告6–8月为最后立法窗口

Odaily Odaily News: Greg Cipolaro, Head of Research at financial services firm NYDIG, stated that the most realistic legislative window for the US Senate's crypto market structure bill is from June to early August. If it fails to advance during this period, it could face uncertainty until after the midterm elections or even longer.

Previously, White House crypto advisor Patrick Witt suggested July 4 as an ideal timing, but NYDIG believes this target is more of an "optimistic expectation," requiring the bill to pass multiple hurdles including committee review, full Senate vote, and House procedures.

This bill aims to clarify the US crypto asset regulatory framework and is considered one of the most critical pieces of legislation this year. However, it has been repeatedly delayed due to disagreements over stablecoin regulation, ethical provisions, and DeFi rules. The Senate Banking Committee has advanced a draft to the full Senate for a vote, but it still needs at least 60 votes to pass.

Analysts point out that if the bill is not passed before the election cycle, changes in control of the Senate between Republicans and Democrats could further reduce legislative certainty, leaving the industry in a "regulatory gray area."

However, if the bill is ultimately passed and signed into law, it will bring regulatory clarity to the market. In particular, Bitcoin is expected to be clearly classified as a commodity, thereby reducing uncertainty for institutional entry. (Cointelegraph)