U.S. Senate Banking Committee Chair Tim Scott has confirmed that the long-awaited crypto market structure bill is scheduled for a committee vote next month, with hopes of reaching the Senate floor early next year. Scott emphasized that the legislation is designed to protect consumers, bring regulatory clarity, and strengthen America’s position as a global leader in digital asset innovation. According to Scott, President Trump is expected to sign the bill once it clears Congress.
The proposal requires joint approval from both the Senate Banking and Agriculture Committees. It outlines a clear division of oversight between the SEC and CFTC, while introducing a new category of “ancillary assets” to help distinguish which digital tokens are not securities. Scott criticized Democrats for slowing the process but noted that bipartisan discussions remain active—especially after a leaked Democratic proposal on decentralized finance (DeFi) sparked strong industry backlash.
Bipartisan Momentum Builds as Industry Leaders Weigh In
Recent meetings between industry leaders and lawmakers from both parties have added momentum to the effort. Several Democratic lawmakers have signaled a desire to finalize the bill, acknowledging the need for regulatory clarity amid rapid innovation in digital assets. Supporters argue that, if passed, the legislation could establish the United States as the world’s leading hub for crypto development—provided lawmakers can bridge remaining political divides.
The bill’s supporters believe that clear, modernized rules will boost investor confidence, attract innovation, and keep digital asset development onshore rather than pushing it overseas. As bipartisan conversations continue, the coming months may prove pivotal for the future of U.S. crypto regulation.
