DC Blockchain Summit to discuss market structure bill markup schedule

U.S. Senator Tim Scott, Chairman of the Senate Banking Committee, is expected to discuss the future markup schedule for the Digital Asset Market Clarity Act at the DC Blockchain Summit today, BeInCrypto reported. A markup is a process of debate and amendment before a bill is sent to the full chamber for a vote. The bill passed the House last July but has been stalled in the Senate Banking Committee due to disagreements over interest payments on stablecoins. Meanwhile, The Digital Chamber CEO Cody Carbone reportedly told Crypto in America that negotiations between the crypto industry and banks are in their final stages. However, Senate Majority Leader John Thune has indicated that a floor vote will not occur before April. Users on the prediction market Polymarket are pricing in a roughly 60% chance of the bill passing this year.