- Senator Lummis leads bipartisan effort for crypto market structure bill.
- Expect significant changes in U.S. crypto regulations by 2025.
- Potential impact on BTC, ETH, and other major assets.
Senator Cynthia Lummis, alongside bipartisan colleagues, aims to pass a crypto market structure bill by Thanksgiving 2025, intending to establish regulatory clarity for digital assets in the U.S.
The legislation could enhance investor protection and global competitiveness, impacting major digital assets like BTC and ETH. Market reactions remain speculative as the bill’s final provisions are awaited.
Senator Cynthia Lummis anticipates that a major bipartisan crypto market structure bill will reach the president by Thanksgiving 2025. The proposed legislation builds on the earlier House-passed CLARITY Act to establish clear rules for digital assets.
“We will have market structure to the president’s desk before the end of the year, I hope it’s before Thanksgiving.” — Senator Cynthia Lummis
Senators Tim Scott, Bill Hagerty, and Bernie Moreno join Lummis in leading the initiative, aiming to set regulatory boundaries. They emphasize balancing innovation with investor protection while enhancing the global competitiveness of U.S. digital markets.
U.S. Crypto Market Bill Targets Thanksgiving Deadline
The bill’s passage could boost market confidence and attract institutional investment. It clarifies the division of oversight between the SEC and CFTC, affecting major digital assets and facilitating new DeFi protocol opportunities.
A significant bipartisan backing is expected, with claims of potential support from up to 18 Democrats. The legislation may influence market structures, impacting BTC, ETH, and L1/L2 protocols, and altering regulatory risk profiles for these assets.
Historically, U.S. regulatory clarity efforts caused short-term market volatility followed by stabilization. No new official KOL statements are reported, but stakeholders remain alert. This move parallels the earlier CLARITY Act but has a broader focus.
Experts foresee possible changes in staking flows and TVL for DeFi technologies, pending the bill’s specifics. Active engagement from tech entrepreneurs and policymakers indicates significant regulatory and technological outcomes could emerge from this initiative.
