Senate Targets December 8 for Crypto Market Structure Bill Review Amid Bipartisan Push
The U.S. Senate has scheduled a December 8 markup for its crypto market structure bill, signaling renewed momentum for bipartisan regulatory clarity. Negotiations between Banking and Agriculture committees aim to resolve lingering disputes over asset classification and oversight frameworks before year-end.
Key sticking points include the SEC/CFTC jurisdictional divide and consumer protections for retail traders. Senator Tim Scott's office confirms the timeline reflects 'substantive progress' in talks, though disagreements persist on whether tokens should default to commodity status unless proven otherwise.
The move comes as global regulators accelerate crypto rulemaking. Market participants anticipate provisions addressing exchange accountability and stablecoin oversight, with implications for trading venues like Binance and Coinbase.
