The cryptocurrency regulation bill progressed in the U.S. Senate.

Important Step for Crypto Bill in the U.S. Senate

The U.S. Senate Agriculture Committee has voted to advance its own version of the cryptocurrency market regulation bill to the next stage. This marks a turning point for the market regulation legislation in the Senate after years of negotiations and lobbying efforts.

However, it should be noted that the bill also needs to pass a similar process in the U.S. Senate Banking Committee. Additionally, it lacks the necessary Democratic support for overall passage. Nevertheless, Democrats are still at the negotiating table.