Senate Republicans Rush Crypto Bill as Committee Support Remains Unclear
Senate Republicans are pressing ahead with a crypto bill, and Senator Cynthia Lummis indicated a Banking Committee draft is already making the rounds among lawmakers. The push underscores GOP urgency to advance federal rules for digital assets, but Democrats have not yet signaled firm backing, leaving the bill's path to passage uncertain.
The Agriculture Committee, however, says it is still developing a bipartisan proposal, highlighting a difference in committee timelines and approaches. That divergence matters because competing drafts and jurisdictional disputes could delay regulatory clarity and create a contentious floor fight if Republicans move quickly without secured Democratic support. Market participants and industry stakeholders will be watching whether committees can reconcile language and deliver a workable, bipartisan framework.