Senate Advances Crypto Market Structure Bill with 2026 Target
U.S. Senate Banking Committee Chairman Tim Scott outlined an aggressive timeline for cryptocurrency legislation, targeting committee votes by December and full Senate consideration by early 2026. The proposed market structure bill, framed as critical for maintaining America's economic leadership, would reach President Trump's desk for approval.
Republicans accuse Democrats of deliberate delays, claiming obstruction of Trump's vision to establish the U.S. as the global crypto hub. The legislation's dual jurisdiction requires approval from both Banking and Agriculture Committees, with Republicans prioritizing clear regulatory demarcation between the SEC and CFTC.