Key Takeaways
- The Senate Banking Committee plans to mark up and vote on digital asset market structure legislation next month.
- The legislation aims to position the US as a crypto leader while improving financial service access and consumer protections.
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Chairman Tim Scott of the Senate Banking Committee said Tuesday the panel expects to vote on digital asset market structure legislation next month. If approved, it could go to the Senate floor early next year and ultimately be signed by President Trump.
“By the end of this year, next month, we believe we can mark up and vote in both committees and get this to the floor of the Senate early next year so that President Trump will sign the legislation making America the crypto capital of the world,” Scott said during an appearance on Fox Business’ “Mornings with Maria.”
Earlier this month, the Senate Agriculture Committee unveiled a discussion draft of its crypto market structure bill, which focuses on defining digital commodities and expanding the Commodity Futures Trading Commission’s (CFTC) regulatory authority over the sector.
The Senate Banking Committee has also been working on its own bill, which addresses securities-related issues and market structure rules for digital assets under the SEC’s purview.
These bills will need to be reconciled and merged before a full Senate floor vote can take place.
If passed by the Senate, the bill will likely go to the House for a floor vote. The House may then seek to include some of its priorities from the CLARITY Act, which it passed in July 2025, in the measure.
The bill will head to President Trump’s desk once it clears Congress.
