Senator Bill Hagerty, a key member of the Senate Banking Committee, has confirmed that Congress is targeting April for advancing cryptocurrency market structure legislation, despite acknowledging that substantial work remains before a bill can be finalized. The Tennessee Republican emphasized that while progress has been made, lawmakers still need to address numerous complex issues in the proposed regulatory framework for digital assets.

The renewed focus on crypto legislation comes as Hagerty prepares to ramp up efforts beginning next week, signaling that lawmakers are preparing to intensify their work on establishing comprehensive rules for the cryptocurrency market. Industry observers view the April timeline as significant, as it suggests Congress may be moving closer to establishing the first major regulatory framework for digital assets since their emergence over a decade ago.