The US midterm elections are approaching, and the White House is pushing for the Cryptocurrency Market Structure Enhancement Act.

BlockBeats News, April 16th, according to The Hill, the White House appears eager to resolve the dispute between the banking industry and the crypto industry, which has hindered Senate negotiations on the legislation since January.

Key officials inside and outside the U.S. government—from Treasury Secretary Scott Bennett to White House Crypto Advisor Patrick White, and former head of AI and Crypto Affairs David Sachs—have recently called for the passage of the bill. At the same time, the Economic Advisory Committee released a report refuting the banking industry's concerns.

However, it is currently unclear whether the White House's push is sufficient to overcome the issues plaguing the bill, which extend beyond the narrow industry dispute that has dominated discussions in the past three months.

Christopher Neugebauer, Senior Research Analyst at Beacon Policy Advisors, stated in an interview: "In terms of timing, their assessment is reasonable—if Congress has the opportunity to advance the market structure bill, then now is the time."