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Cynthia Lummis Targets Thanksgiving for U.S. Crypto Market Structure Bill Passage
Cynthia Lummis Targets Thanksgiving for U.S. Crypto Market Structure Bill Passage
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BTCCSquare news:
Senator Cynthia Lummis (R-WY) has set an ambitious timeline for crypto market structure legislation, aiming for passage before Thanksgiving. Speaking at the SALT Wyoming Blockchain Symposium, Lummis emphasized Congress's commitment to finalizing the bill this year.
The proposed legislation, currently in draft form, seeks to clarify regulatory distinctions between digital asset securities and commodities. Lummis anticipates committee progress through Senate Banking in September and Agriculture in October, with full Senate consideration to follow.
This push comes amid growing concerns about regulatory uncertainty driving blockchain innovation offshore. The bill's bipartisan support will be tested as it moves through the legislative process.
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