MARKET STRUCTURE IS COMING ⏰️
Patrick McHenry says a crypto market structure bill could land before Memorial Day -- and that the Senate may act before Easter.
He says momentum is real and negotiations are happening, especially around yield.
Crypto firms are willing to compromise, but banks so far, aren’t.
McHenry’s take is blunt -- that imbalance won’t last in Washington if legislation is going to move.
If his timeline holds, the regulatory overhang markets have been pricing in for years could finally start to lift.