NYDIG: If the Senate's crypto market structure bill fails to pass before August, it may completely fail after the midterm elections.

CoinFeed reported on May 18th, citing Cointelegraph, that Greg Cipolaro, head of research at NYDIG, stated that the US Senate's crypto market structure bill could fail completely after the midterm elections if it fails to pass before August. Cipolaro pointed out that the Senate Banking Committee passed the bill along party lines last week, but it requires 60 votes to pass in the Senate. With Congress in recess from late July to early September, followed by the midterm election period, the Senate leadership is unlikely to schedule a controversial 60-vote vote. If this window is missed, the most likely path is a lame-duck session after the election. If Democrats control the Senate after the midterm elections, the current Republican-backed bill is unlikely to advance in the new Congress in January.