U.S. Senate Banking Committee lawmakers have postponed the markup of the CLARITY Act, a major cryptocurrency market structure bill, to prioritize housing legislation. Chairman Tim Scott indicated the delay aims to align with the administration's push to address affordable housing ahead of the upcoming midterm elections.

The committee's immediate focus has shifted to reducing housing costs in order to combat inflation, despite the fact that the crypto bill faces its own obstacles, such as industry disagreements regarding stablecoin yield restrictions. As a result, the digital assets bill review has been rescheduled, possibly delaying its progress until late February or early March.

$BTC $ETH $BNB #TrumpCancelsEUTariffThreat #TrumpTariffsOnEurope #USBankingCreditRisk #MarketRebound

BTC

78,295.03

-6.55%