Overview
- The Senate Banking Committee chair, Tim Scott, said he plans to bring the digital-asset market-structure bill to committee debate next week with a potential vote by Thursday.
- Supporters say the proposal would clarify how the SEC and CFTC divide oversight and reduce legal uncertainty for exchanges and token projects.
- Key policy disputes remain open, including how to handle decentralized finance front-ends, limits on stablecoin yields, and enforcement thresholds that could shape bipartisan support.
- Industry groups and several senators have urged more time to finalize text, reflecting concern that rushing a vote could weaken the bill’s chances later in the process.
- The House passed its version last year, so Senate approval would send the measure to President Donald Trump, while crypto markets have shown sensitivity to timing, with Bitcoin recently swinging from above $93,000 to about $86,729 on legislative headlines.