Senators Aim to Pass Crypto Market Structure Bill by Year-End
The U.S. Senate aims to pass a market structure bill by year-end, although previous deadlines have been missed. Key points include:
- Senator Kirsten Gillibrand stated that negotiations are ongoing and no artificial deadlines will be set.
- President Trump initially aimed for an August deadline for crypto legislation, which has since shifted to late September and beyond.
- Senator Cynthia Lummis hopes the Banking Committee will finish its work by September, but the Senate Agriculture Committee will require additional time into October.
- A group of Senate Democrats outlined priorities for the bill, focusing on consumer protections and regulatory jurisdiction.
- Democrats propose ethics provisions to prevent lawmakers' families from profiting off crypto projects.
- Lummis suggested that restrictions on elected officials trading crypto should be addressed separately from the main bill.
Discussions continue around bipartisan support and ethical considerations in cryptocurrency legislation.