Cynthia Lummis Eyes Thanksgiving Target for U.S. Crypto Market Structure Bill
Sen. Cynthia Lummis (R-WY) is seeking to have crypto market construction laws prepared for passage earlier than the 12 months’s finish, the Republican lawmaker mentioned on Wednesday.
Sen. Cynthia Lummis Pushes for Thanksgiving Deadline
Talking on the SALT Wyoming Blockchain Symposium 2025 on August 20, Lummis claimed that Congress “may have market construction [legislation] accomplished this 12 months.”
“We may have market construction to the president’s desk earlier than the tip of the 12 months,” Lummis mentioned. “I hope it’s earlier than Thanksgiving. That’s our objective.”
Lummis acknowledged that she hoped the important thing crypto laws would advance by way of the Senate Banking Committee subsequent month earlier than heading to the Senate Agriculture Committee in October.
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Information of Lummis’ timeline comes only one month after she, Sen. Invoice Hagerty (R-TN), Sen. Bernie Moreno (R-OH), and Senate Banking Committee Chair Tim Scott unveiled a discussion draft of digital asset market construction laws.
“This dialogue draft represents a considerate, balanced method that may present the readability our innovators want whereas offering sturdy client protections,” Lummis mentioned in a July assertion. “We can’t enable regulatory confusion to proceed driving American innovation abroad.”
“Market construction laws will set up clear distinctions between digital asset securities and commodities, modernize our regulatory framework, and place the USA as the worldwide chief in digital asset innovation,” she added.
Talking at SALT on Tuesday, Scott predicted that 12 out of 18 Democrats can be in favor of the crypto market structure bill.
“I consider that we’ll have at the very least 12 and 18 Democrats at the very least open to voting for market construction,” Scott mentioned.
Nonetheless, key gamers inside the Democratic Occasion against the laws could current challenges to the bill’s advancement.
“The forces in opposition to it, let me simply say clearly, like Senator Elizabeth Warren, standing in the best way of Democrats eager to take part, it’s a actual pressure to beat,” Scott mentioned.
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