Crypto Legislation Update: Market Structure Bill Advances Toward December Markups
The U.S. crypto market Structure Bill, aimed at clarifying digital asset regulations, is progressing toward markup sessions in early December. Senate Agriculture Committee Chair John Boozman confirmed the timeline despite delays caused by the government shutdown. Draft bills are being prepared in both the Senate Agriculture and Banking Committees, though Banking Committee Chairman Tim Scott has not yet scheduled a markup date.
Key sections of the proposal remain unresolved, particularly regarding decentralized finance (DeFi) regulation. The bipartisan bill's text has not been released since reconciliation talks on Capitol Hill, leaving uncertainty about whether a draft will emerge before Thanksgiving. Analysts suggest the Agriculture Committee's draft may provide the crypto industry with substantial material for review during the holiday period.
