US EditionSenate rushes to finish crypto market bill ahead of holiday recess
Senators aim to finalize a bill addressing DeFi regulation, SEC and CFTC roles, and ethics rules amid White House pushback on provisions tied to President Trump's crypto profits.
- On Tuesday, senators said their long-delayed bipartisan crypto market-structure bill is nearing completion, but the White House rejected proposed ethics language tied to profits linked to President Donald Trump’s family.
- Market pressure from Bitcoin and broader crypto has accelerated talks, with the Senate drafting parallel bills in the Banking and Agriculture Committees including a proposal to split SEC and CFTC oversight and define "ancillary assets".
- Senator Cynthia Lummis said she negotiated an ethics proposal with Senator Ruben Gallego to restrict officials and families from profiting from digital assets, and Senator Kirsten Gillibrand said `This product is going to be so strong when we finish`.
- By the end of the week negotiators hope to reveal a working draft and formally mark it up next week, with observers saying markups signal Congress is preparing a final bill.
- Closed-Door negotiations have left industry groups antsy and one section remains contentious as Democrats seek assurances on CFTC and SEC nominations while Cynthia Lummis mediates.
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Senate rushes to finish crypto market bill ahead of holiday recess
{beacon} Technology The Big Story Senate rushes to finish crypto market bill ahead of holiday recess Senators are trying to iron out key sticking points in legislation to regulate the cryptocurrency industry in their final working weeks of the year, as they push to get the bill out of committee after months of negotiations. …
Sen. Gillibrand says 'nothing is holding up' progress on crypto market regulation: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin bounces as investor look ahead to this week’s rate decision from the Federal Reserve. Plus, Republican Sen. Cynthia Lummis says her goal is to share a draft of the Senate Banking Committee’s version of a crypto market structure bill by the end of the week, then let the crypto industry as well as Republicans and Democrats vet it and proceed to markup next week. And, Hashdex CIO Samir Kerbage discus…
Senate Claims Crypto Bill Is Ready, But White House Says 'Do Better'
Senators said on Tuesday that their long-delayed crypto market-structure bill is finally nearing completion, but the White House pushed back after reviewing proposed ethics rules connected to digital asset profits tied to President Donald
Crucial Crypto Market Structure Bill Debate Unfolds In US Senate Today
BitcoinWorld Crucial Crypto Market Structure Bill Debate Unfolds in US Senate Today A pivotal moment for cryptocurrency regulation is happening right now on Capitol Hill. US senators are holding a bipartisan meeting today to advance discussions on a critical crypto market structure bill. This legislative effort, known as the CLARITY Act, aims to finally provide clear rules for the digital asset industry. The outcome of these talks could determin…
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