Senator Moreno: Crypto Legislation by May End
Ohio Senator Bernie Moreno predicts crypto market structure legislation by May end, dismissing bank stablecoin yield objections as fake noise amid Clarity Act urgency.
SourceOhio Republican Senator Bernie Moreno fired off a bold timeline at a DC event, claiming lawmakers will wrap up crypto market structure legislation by the end of May. He doubled down on last month's warning: miss the Clarity Act deadline, and crypto legislation vanishes for the foreseeable future. Moreno shredded bank gripes over stablecoin yield as "completely fake" noise, pushing them to innovate or get left behind. No word from his team on potential delays to next month, but this ramps up pressure as senators like Thom Tillis and Cynthia Lummis clash on markup schedules. Kevin Warsh's flip on CBDCs adds fuel, while a new bill eyes expanded Fed access for crypto—echoing Bitcoin's BTC surge in recent months that hit fresh highs amid regulatory buzz. This Clarity Act timeline could reshape crypto market crash risks, influencing Bitcoin price prediction models and broader AI industry impact on fintech innovation.
Eleanor Terrett
@EleanorTerrettBritish-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.