Odaily Planet Daily News: U.S. Senators Gillibrand (Democrat, New York) and Lummis (Republican, Wyoming) stated at the Blockchain Association Policy Summit that the Senate is accelerating efforts to advance a comprehensive market structure bill covering the entire crypto industry, with the hope that it will ultimately be signed by the current President Trump. Gillibrand said that bipartisan negotiations have been ongoing and intensive, “there are no factors currently hindering this bill,” and revealed that the first efficient bipartisan meeting was held last week. Democrats submitted their final demands to Republicans on Monday night and will continue to refine the text on key issues such as decentralized exchanges. Lummis stated that the Senate Banking Committee plans to release a draft this weekend, hold amendment and voting hearings next week, and described negotiations with the White House as similar to a “three-dimensional chess game.” It is worth noting that some Democrats remain concerned about the ethical risks of the Trump family’s involvement in crypto businesses and are pushing for related restriction clauses to be included in the bill. Industry insiders said that if the committee issues a review notice this week, the bill could still be delivered to Trump for signing in early 2026. (The Block)
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Senator: The Crypto Market Structure Bill draft is expected to be released this weekend, with amendment and voting hearings scheduled for next week.
Odaily Planet Daily News: U.S. Senators Gillibrand (Democrat, New York) and Lummis (Republican, Wyoming) stated at the Blockchain Association Policy Summit that the Senate is accelerating efforts to advance a comprehensive market structure bill covering the entire crypto industry, with the hope that it will ultimately be signed by the current President Trump. Gillibrand said that bipartisan negotiations have been ongoing and intensive, “there are no factors currently hindering this bill,” and revealed that the first efficient bipartisan meeting was held last week. Democrats submitted their final demands to Republicans on Monday night and will continue to refine the text on key issues such as decentralized exchanges. Lummis stated that the Senate Banking Committee plans to release a draft this weekend, hold amendment and voting hearings next week, and described negotiations with the White House as similar to a “three-dimensional chess game.” It is worth noting that some Democrats remain concerned about the ethical risks of the Trump family’s involvement in crypto businesses and are pushing for related restriction clauses to be included in the bill. Industry insiders said that if the committee issues a review notice this week, the bill could still be delivered to Trump for signing in early 2026. (The Block)