Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Renowned investor and media personality Kevin O’Leary said on Friday that the cryptocurrency market structure legislation would be passed before the midterm elections. O’Leary Predicts Legislative Breakthrough During an interview with CoinDesk, O’Leary said he’s “hopeful,” pegging May 15 as the passage date. “I think it has to because these bills are written by staffers…the staffers are spending on this ...

Core Viewpoint - The CEO of Coinbase emphasizes that cryptocurrency-related legislation will provide clarity for the industry [1] Group 1 - The CEO believes that clear regulations will help foster growth and innovation within the cryptocurrency sector [1] - The statement reflects a broader industry sentiment that regulatory frameworks are necessary for mainstream adoption of cryptocurrencies [1] - The potential for legislative clarity is seen as a positive development for both companies and investors in the cryptocurrency market [1]

Group 1: Legislative Developments - The House of Representatives is considering three crypto-related pieces of legislation during what is referred to as 'crypto week': the GENIUS act, the Digital Asset Market Clarity Act, and the Anti-CBDC Surveillance State Act [1] Group 2: Market Performance - Bitcoin (BTC) is trading at record highs, contributing to positive momentum across the crypto sector [1] - Coinbase Global Inc (NASDAQ:COIN) shares increased by 2% to $394.79, marking a 62% rise over the last month and an 80.9% year-over-year gain [2] - MicroStrategy Inc (NASDAQ:MSTR) stock rose by 2.8% to $446.56, achieving a 220.3% increase since last July and is on track for a fifth consecutive win [4] - Mara Holdings Inc (NASDAQ:MARA) shares were up 1.4% at $19.40, also aiming for a fifth consecutive win, with a 23.5% increase since the start of the month despite a 6.7% year-over-year deficit [6]