Tim Scott: Crypto Bill Could Advance in December
Senator Tim Scott revealed the Senate's plan to vote on a bipartisan crypto market structure bill in December. The legislation aims to clarify regulatory frameworks, resolve interagency jurisdictional conflicts, and foster innovation in digital assets.
Final committee negotiations are underway, with particular focus on DeFi protocols and investor protection mechanisms. Passage could position the U.S. as a global standard-setter in cryptocurrency oversight, with potential presidential approval in early 2025.