US senators Cynthia Lummis and Kirsten Gillibrand said the two parties were continuing to push for crypto market structure legislation and hoped to complete it by the end of the year. Previously, the Senate banking committee had set a target of the end of September, but the progress has been delayed to October or even the end of the year. Gillibrand stressed that the current Congress is facing fiscal cliff negotiations, and the legislation should not have an "artificial deadline", saying that the negotiations have not yet drawn a "red line"; Lummis said that it "must be completed by the end of the year", describing it as "four years pregnant".
Democrats have proposed a bill that would include consumer protections, a division of regulatory authority, and ethical provisions that would prohibit the president, vice president, and their families from profiting from crypto projects to prevent conflicts of interest. Gillibrand emphasizes that an ethical perspective is essential to industry trust, while Lummis argues that restrictions on official investments should be legislated alongside other securities, rather than targeting cryptocurrencies alone.
US Senator: Crypto Market Structure Bill Expected to Pass This Year
2025-09-10 22:45:21
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