Lawmakers from both parties are negotiating a revised crypto market structure bill with over 30 proposed amendments, aiming for markup before the holiday recess despite timeline disagreements.
Bipartisan negotiations on a crypto market structure bill continued this week, with Sen. Cynthia Lummis expressing hope to release a new draft by week's end. Senate Banking Republicans submitted over 30 amendments to Democrats, including 38 concessions such as White House-supported language on SEC and CFTC appointments, ethics provisions, consumer protection standards, bankruptcy clauses, a federal baseline for crypto ATMs, and risk management rules. Chair Tim Scott and Republicans aim for a markup next week before the holiday recess, while some Democrats question the feasibility of this timeline.