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Senator Lummis Pushes Senate to Accelerate Crypto Market Structure Legislation
The Senate returns September 3.
September: The Senate Banking Committee, led by Tim Scott and digital-assets chair Cynthia Lummis, plans to mark up a comprehensive crypto market structure bill aimed for complete Senate approval by September 30.
October: The Senate Agriculture Committee will handle matters involving CFTC jurisdiction as part of the bill’s oversight allocations.
The goal is to finalize the crypto framework—including jurisdictional clarity between SEC and CFTC—and deliver it to the President’s desk before year‑end, ideally before Thanksgiving.
This timeline signals dual-track progress: the CLARITY Act (market structure) and GENIUS Act (stablecoin framework) are being advanced in parallel, with Sen. Lummis emphasizing both must pass this year.