NYDIG Research Director: The window for the passage of the Crypto Market Structure Act is from June to early August

NYDIG research director Greg Cipolaro stated that the window for passage of the US Senate Crypto Market Structure Act is from June to early August, and if missed, there may be uncertainty that could extend beyond the midterm elections or even longer. He believes that the July 4th legislative goal proposed by White House advisor Patrick Witt is too optimistic, and the bill needs to go through multiple review processes. Analysis suggests that if the bill is not passed before the election cycle, changes in Senate control may increase legislative uncertainty. After the bill is passed, it may bring regulatory clarity to the market, and Bitcoin is expected to be clearly classified as a commodity.