The chairperson of the US Senate Banking Committee expects 12-18 Democratic lawmakers to support the Digital Asset Market Structure Act
2025-08-19 20:40:12
Speaking at the SALT convention in Jackson Hole, Wyoming, Tim Scott, chairperson of the U.S. Senate Banking Committee, said he expects 12 to 18 Democratic senators to support the Senate's market structure bill for digital asset market regulation. At present, the Senate has only released a discussion draft, while the final bill is expected to be completed by the end of September. The bill will determine how the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regulate digital assets, including the spot crypto market. Scott pointed out that some Democrats such as Elizabeth Warren may block the bill from moving forward.
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