The post Senator Kennedy calls crypto bill a ‘baby step,’ stalls GOP’s September plans appeared on BitcoinEthereumNews.com.

Key Takeaway Senate Republicans are split over a major Digital Asset Market Structure Bill, as Senator John Kennedy warns the committee is not yet prepared to advance it. With Donald Trump back in the White House, optimism around the U.S. emerging as a global crypto hub has been on the rise. Yet, that momentum is hitting hurdles in Congress, as Senate Republicans find themselves divided over a Digital Asset Market Structure Bill. Senator Kennedy urges a word of caution On the 10th of September, Sen. John Kennedy, a senior member of the Banking Committee, cautioned that the panel isn’t ready to advance the bill. He cast doubt on Chairman Tim Scott’s timeline to push the bill forward by the end of September. When asked about advancing the bill this month, Sen. Kennedy responded,  “I don’t think we’re ready. People that I talk to still have a lot of questions. I know I still have a lot of questions.” He has raised concerns that the proposed Digital Asset Market Structure Bill, designed to split digital asset oversight between the SEC and CFTC, might hand excessive influence to the crypto industry. However, his stance contrasts sharply with Chairman Tim Scott and other Republicans, who argue that establishing a clear, bipartisan framework is long overdue and remains a top priority. Chairman Tim Scott’s retort Commenting on the issue, Senator Tim Scott’s spokesperson, Jeff Naft, emphasized that this debate is far from new. He pointed out that the original Responsible Financial Innovation Act, introduced by Senators Cynthia Lummis and Kirsten Gillibrand in 2022, has been under active review since June. Lawmakers have received thousands of pages of feedback and engaged with around 160 stakeholders in preparation for a potential September markup. Naft stated, “The House has already acted, and the Senate should not fall…

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Filed under: News - @ September 11, 2025 6:30 pm