Senate Majority Leader John Thune has reportedly expressed doubts regarding the advancement of legislation meant to create a digital asset market structure, stating it’s unlikely to occur before April.

According to a report from Punchbowl News, Thune mentioned that the Senate’s immediate focus will be on voting for the SAVE America Act, which mandates voters to provide proof of U.S. citizenship in person for registration.

In a recent address to the press, Thune indicated that the chamber would address the crypto market structure and other bipartisan bills following the vote on the SAVE America Act.

“Market structure is a bill that I’m hoping will emerge from the Banking Committee soon, but probably not before April,” Thune mentioned according to Punchbowl.

Examples of differing views were highlighted when Ohio Senator Bernie Moreno previously expressed optimism that market structure legislation would clear Congress by April. While the Senate Agriculture Committee has already moved ahead with its version of the bill, the Banking Committee has delayed necessary sessions to move forward.

In related developments, the Senate voted recently to include an amendment in a housing bill, preventing the U.S. Federal Reserve from releasing a central bank digital currency (CBDC) until December 2030 if it passes.

What is the significance of the market structure bill?

The legislation, initially referred to as the CLARITY Act when it was approved by the House of Representatives in July, aims to enhance the authority of the U.S. Commodity Futures Trading Commission in overseeing digital assets. However, contention remains among lawmakers regarding certain provisions of the bill, involving tokenized equities and stablecoin yields.

Last week, President Donald Trump accused banks of stalling this bill in social media posts, further complicating negotiations as it’s still unclear whether any agreements have been made to progress the market structure bill.