Lummis says digital asset bill is Congress’s closest step to market structure

The senator said millions of Americans already hold digital assets without a federal framework protecting them, framing the legislation as a notable step in shaping U.S. crypto oversight.

Summary

Senator Lummis said a digital asset bill represents "the closest Congress has ever come to real digital asset market structure." She also said "millions of Americans already hold digital assets with no federal framework protecting them," underscoring the argument for clearer U.S. crypto rules. The remarks frame the legislation as an effort to build market structure rules for digital assets, a policy area that would shape how trading, investor protections and oversight are handled at the federal level.

Terms & Concepts
  • digital assets: Blockchain-based tokens and related crypto holdings.
  • market structure: Rules governing how markets operate and are supervised.
  • federal framework: Nationwide set of laws and regulatory protections.