Sen. Moreno expects crypto bill by late May, dismisses bank opposition as fake noise

A crypto market structure bill could be finalized by the end of May, said U.S. Senator Bernie Moreno (R-OH) at an event in Washington D.C., according to Eleanor Terrett, host of Crypto in America. Moreno had previously warned last month that if the Clarity Act is not passed by May, crypto legislation could be stalled for a significant period. Addressing opposition from the banking sector over stablecoin interest, he dismissed the concerns as completely fake noise and urged banks to innovate.