Sen. Lummis: Crypto Market Structure Deal Nears Committee Exit
Senator Cynthia Lummis, a central figure in the legislative negotiations, said talks have come down to fine details and that the bill is finally set to move out of her committee in April — a development she summed up with, “we’ve got it.” That timeline marks what may be the most concrete forward step this year on U.S. crypto market structure, as negotiators narrow disputes over exchange rules, custody frameworks and regulatory boundaries.
If the bill advances as expected, it would speed the measure toward broader congressional consideration and draw heightened attention from exchanges, custodians and regulators including the SEC. Market participants say clearer rules could reduce legal uncertainty, affect product approvals and influence institutional flows, but the remaining language will determine how much change is actually delivered and how quickly the industry adapts.