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.