The U.S. Congress Adjourns Recess, Cryptocurrency Market Structure Legislation Back in Focus

BlockBeats News, September 2nd, according to CryptoinAmerica, the U.S. Congress returned to work after the recess, and legislation on cryptocurrency market structure is about to become a focus. The Senate Banking Committee is expected to mark up a draft discussion on market structure by the end of September, while the Senate Agriculture Committee will also soon release a draft covering the CFTC regulatory part.

Senator Cynthia Lummis stated that the market structure bill is expected to be signed into law by President Trump before Christmas this year. In addition, the Small Business Administration has ordered banking institutions to resume services to customers who were illegally "debanked" and requested correction of related policies by December 5th. The Consumer Financial Protection Bureau has also publicly acknowledged power abuses against certain companies during the Biden administration.