Bank Lobbying Delays Crypto Legislation | Flash News Detail | Blockchain.News
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4/20/2026 2:33:00 PM

Bank Lobbying Delays Crypto Legislation

Bank Lobbying Delays Crypto Legislation

Bank trades push Clarity Act markup to May amid intense lobbying, while a multi-million-dollar DeFi hack escalates crypto market vulnerabilities in 2026.

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Bank lobbying ramps up, potentially shoving the markup of crypto market structure legislation known as the Clarity Act into May, sources close to Capitol Hill reveal. This delay clouds timelines for regulatory clarity in the crypto market, as traditional finance players fight to shape rules favoring banks over decentralized platforms. Adding fuel to the fire, a fresh multi-million-dollar DeFi hack strikes, joining a string of exploits this month that expose ongoing vulnerabilities in decentralized finance protocols. Traders eye Bitcoin (BTC) reactions amid these regulatory and security headwinds, with crypto market crash fears lingering from last quarter's downturn. Insiders warn that without swift action on the Clarity Act, DeFi hack exploits could multiply, eroding investor confidence in assets like BTC and emerging tokens.


Eleanor Terrett

@EleanorTerrett

British-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.