Senator Kirsten Gillibrand said she and Senator Cynthia Lummis believe the cryptocurrency industry needs regulatory guardrails to help it thrive, underscoring bipartisan interest in a clearer digital asset framework. Gillibrand later added that a crypto market structure bill will not pass a Senate vote without ethics provisions prohibiting lawmakers, senior officials, and the president and vice president from profiting from insider status in crypto. She also said the bill could pass before the August recess.