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The Senate reserved Monday's roll call for the continuing resolution. Majority Leader Thune now only says he hopes to begin consideration of the bill before the August 8 recess.
Majority Leader John Thune said the crypto market-structure bill wouldn't reach the floor before the August 7 recess. Galaxy's Alex Thorn set the odds of 2026 passage at 30 per cent, down from 50 last month.
Senators voted unanimously on April 30 to bar themselves and their staff from trading on prediction markets, an immediate amendment to Rule 37 introduced by Ohio Republican Bernie Moreno after months of insider-trading concerns over senators wagering on policy outcomes they themselves were shaping.
The US Senate's most ambitious crypto market structure bill is stuck in a four-way deadlock between banking lobbyists, crypto firms, Democrats and Republicans. If it doesn't clear the Banking Committee this month, it may not get another chance before the midterms.
