The post Many Senators Absent From ‘Bipartisan’ Crypto Market Structure Hearing appeared on BitcoinEthereumNews.com.

Many members of the US Senate Banking Committee’s subcommittee on digital assets were not present for a hearing to discuss market structure. In a Tuesday hearing, “exploring bipartisan legislative frameworks for digital asset market structure,” the subcommittee chair, Cynthia Lummis, said there had been “a lot of competing committees” on the schedule for the day, which may have explained why only five senators out of the 11 typically on the subcommittee were available to ask questions to former regulators and industry experts.  Republican senators Dave McCormick, Bill Hagerty and Bernie Moreno joined Lummis, another Republican, and Senator Angela Alsobrooks to ask questions of former US Commodity Futures Trading Commission Chair Rostin Behnam, Coinbase’s vice president of legal, Ryan VanGrack, Multicoin Capital’s general counsel, Greg Xethalis and University of Pennsylvania Wharton School Executive Director, Sarah Hammer. Five US senators were present for a digital asset market structure hearing on Tuesday. Source: US Senate Banking Committee The lawmakers questioned the experts on the principles behind the Senate’s potential introduction of legislation to establish a crypto market structure bill after its successful passage of a stablecoin bill, the GENIUS Act. Lummis seemed to acknowledge the lack of participation in the hearing, noting that she didn’t “want to come up with a piece of legislation that the other side of the aisle feels they haven’t had adequate input in.” “I don’t understand what’s changed, at least with regard to this topic,” said Lummis on bipartisan engagement around crypto bills. “Now, I understand what happens when you have a set of leaders that are not engaged in digital assets, and then in comes an administration that has family members that are engaged in digital assets, and maybe that’s what this is about. Maybe this is about concern that certain people that have family members in…

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Filed under: News - @ June 25, 2025 1:27 pm