Senate Banking Chair Announces Possible Vote Next Month on Crypto Market Bill
Senate Banking Committee Chair Tim Scott outlined plans for a potential floor vote next month on the Crypto Market Bill, suggesting the measure may finally move forward after multiple drafts and months of delay. The announcement marks a notable shift from earlier stalls and puts the long-sought package of rules for exchanges, custody, and stablecoins on a clearer timetable, though exact language and amendments could still change before final passage.
If approved, the bill could deliver wider regulatory clarity that many firms and institutional investors have been awaiting, potentially smoothing compliance and encouraging capital flows into regulated crypto services. Industry groups have pressed for clear guardrails, while critics caution that key details remain unresolved. The bill still faces negotiation in the full Senate and the timing and outcome of a vote remain uncertain, making the next month a pivotal period for U.S. crypto policy.