Lummis Fast-Tracks Crypto Market Structure Bill Ahead of Thanksgiving Deadline
Senator Cynthia Lummis is accelerating efforts to pass the Market Structure Bill, a pivotal piece of crypto legislation, before Thanksgiving. This follows recent enactments like the GENIUS Act, CLARITY Act, and Anti-CBDC bills, which collectively aim to shape the U.S. digital asset landscape.
The Senate Banking Committee, led by Chairman Tim Scott and including Senators Lummis, Bill Hagerty, and Bernie Moreno, has drafted the "Responsible Financial Innovation Act of 2025." The bill seeks to provide regulatory clarity, foster innovation, and mitigate risks in the crypto sector. It builds on the Clarity Act's foundation but shifts primary oversight of "ancillary assets" to the SEC, diverging from the CFTC-focused approach of earlier legislation.
