Senator Lummis to Unveil Crypto Market Bill Draft Soon
Senator Lummis plans to release a draft of the crypto market structure bill by week’s end for bipartisan review.
- Senator Lummis to release bill draft this week
- Aims for bipartisan and industry review before markup
- Bill to shape future of U.S. crypto regulation
Senator Cynthia Lummis, one of the leading voices for cryptocurrency in the U.S. Senate, is preparing to unveil a draft of the long-awaited Crypto Market Structure Bill by the end of this week. The bill is designed to bring regulatory clarity to the digital asset space, an area that has long struggled with overlapping and unclear rules.
Lummis’s announcement signals a major step forward in Washington’s approach to crypto. The draft will be shared with lawmakers and industry stakeholders to invite feedback ahead of a scheduled markup session next week. This pre-markup review could help refine the bill and build bipartisan support — a critical need in today’s divided Congress.
Bipartisan Support in Focus
By releasing the draft early, Senator Lummis aims to create a collaborative environment that includes both Democrats and Republicans, as well as representatives from the crypto industry. The goal is to ensure the legislation strikes the right balance between regulation and innovation.
The proposed legislation is expected to clarify which digital assets are classified as securities or commodities — a major point of confusion that has led to lawsuits and enforcement actions. The bill may also outline roles for key regulators like the SEC and the CFTC, possibly reshaping their influence on the crypto space.
A Pivotal Moment for U.S. Crypto Policy
The U.S. crypto industry has long asked for clear rules, and this bill could finally deliver. With growing interest in digital assets, stablecoins, and tokenized finance, the timing couldn’t be more important. Lummis’s move may also serve as a response to global efforts, as countries like the UK and EU advance their own crypto frameworks.
All eyes are now on the upcoming draft. If successful, this legislation could become a foundational part of the United States’ approach to digital assets in the years to come.
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