Senate

Sen. Cynthia Lummis says a Banking Committee draft is already circulating, while the Agriculture Committee says it is still working on a bipartisan proposal. The split raises questions about timing and bipartisan support for federal crypto rules.

Negotiations between Senate Republicans and Democrats have pushed the cryptocurrency bill's vote into 2026 after weeks of debate over which rules to include. The delay extends regulatory uncertainty for crypto firms and investors.

The Senate Banking Chair announced a major breakthrough on a landmark crypto bill, signaling renewed momentum toward clearer federal regulation and a likely expedited legislative timeline.

Progressive lawmakers and allied consumer and labor organizations say they will oppose the industry-backed crypto market legislation currently before the Senate, potentially blocking its passage. The move raises the stakes for negotiators seeking a compromise on digital-asset rules.

The American Federation of Teachers told the Senate Banking Committee the crypto market structure bill poses “profound risks” to retirement plans, a letter obtained by CNBC says. The union urged lawmakers to reconsider provisions that could expose pensions to crypto volatility.

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.