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Senate Banking Chair Foresees Bipartisan Support for Crypto Market Structure Bill
Senate Banking Chair Foresees Bipartisan Support for Crypto Market Structure Bill
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BTCCSquare news:
Senate Banking Committee Chairman Tim Scott projects 12-18 Democratic votes could back the Senate's forthcoming digital asset market structure legislation. The bill, anticipated before September's end, would define SEC and CFTC oversight of crypto markets.
Opposition from figures like Senator Elizabeth Warren remains a hurdle, Scott noted at Wyoming's SALT conference. The legislation follows the House's Digital Asset Market Clarity Act and July's Senate Banking Committee draft.
Market participants await regulatory clarity as Congress balances stablecoin rules under the GENIUS Act with broader cryptocurrency framework development. The outcome will shape U.S. exchange operations and institutional participation in spot crypto markets.
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