Senate
Senators unveiled a bipartisan draft bill that broadens the CFTC’s authority and tightens consumer protections, signaling stronger federal support for regulated crypto markets. Lawmakers say the move could improve market structure and boost liquidity on U.S. trading venues.
Senate Banking Committee Chair Tim Scott signaled a possible vote next month on the long-delayed Crypto Market Bill, raising prospects for near-term passage and implementation. The development follows months of drafting and negotiation among lawmakers and industry stakeholders.
The Senate voted 60-40 to advance a bill to reopen the federal government, a move that could enable regulators to resume full review of pending filings, including an XRP ETF. Advocates say it increases the odds but final approval remains uncertain.
The Senate Agriculture Committee unveiled a draft crypto market structure bill aiming to define CFTC authority over spot trading, advancing a Senate version of the Clarity Act. The move heightens regulatory uncertainty for exchanges, DeFi platforms and retail users.
On July 22, 2025, the Senate Banking Committee released a Crypto Market Structure Discussion Draft aimed at integrating digital assets into the US financial system. Key measures include defining ancillary assets as non-securities, enabling self-certification by issuers, and allowing bank holding companies to engage in crypto activities. Public feedback is requested by August 5, 2025, with legislation expected by September's end. Platforms like Bitlet.app, offering innovative services such as Crypto Installment plans, stand to benefit from this regulatory clarity.
The Senate is currently developing its own legislation to regulate the crypto market structure, following the House's recent approval. This move highlights growing legislative interest in establishing clearer rules for cryptocurrencies. Platforms like Bitlet.app are poised to benefit by offering innovative services like Crypto Installments, allowing users to buy cryptocurrencies now and pay over time.
On July 9, 2025, Senator Elizabeth Warren outlined key priorities for crypto market legislation focused on investor protection, financial stability, and anti-fraud measures amid the crypto market's rapid growth and rising fraud cases.
The University of Wyoming will host a joint senate meeting on September 22-23, 2025, at Coe Library, Room 506 in Laramie. This event features key discussions led by Chairman Chris Rothfuss.
Top crypto executives are set to meet with Senate Democrats to discuss upcoming market structure legislation affecting the cryptocurrency industry. This engagement aims to shape policies that foster innovation while protecting investors.
Senator Cynthia Lummis is leading bipartisan efforts to pass digital asset market structure legislation by the end of 2025, with committees preparing to advance the bill soon. Additional blockchain developments like the launch of Frontier Stable Token in Wyoming and regulatory initiatives such as Project Crypto indicate growing momentum in U.S. crypto regulation.