Crypto Market Structure Bill Set to Reach President Trump Before Thanksgiving
U.S. Senator Cynthia Lummis announced that a final draft of crypto market structure legislation will be presented to President Donald Trump before Thanksgiving, following a revised timeline from an earlier September 30 deadline.
- The Senate Banking Committee aims to pass the bill by the end of September.
- The Senate Agriculture Committee will review it by the end of October.
- Lummis predicts market structure legislation will be finalized by year-end.
- Senator Tim Scott expects support from up to 18 Democrats for the Senate version of the Digital Asset Market Clarity Act.
- This bill will clarify oversight roles for the SEC and CFTC in the crypto market.