U.S. crypto bill back on track! – Senate vote expected ‘early next year’
The post U.S. crypto bill back on track! – Senate vote expected ‘early next year’ appeared on BitcoinEthereumNews.com.
Key Takeaways Why is the new timeline crucial? Getting it done by early next year would “unlock crypto,” per Coinbase CEO. Can it get final passage as planned? DeFi regulation remains a sticky concern, alongside another likely holdout from Democrats. Senate Banking Committee Chair Senator Tim Scott said that they plan to mark up the crypto market structure bill next month. During an interview with Fox Business on the 18th of November, Scott added, “Next month, we believe that we can mark up, in both committees, and get this to the floor of the Senate early next year.” Source: X Scott had previously set a September deadline for the markup, but he blamed the Democrats for “stalling” the legislation. This was a reference to the holdout by a section of Democrats, led by Reuben Gallego, that proposed a controversial DeFi regulation that triggered an industry-wide backlash and nearly killed the bill’s momentum. But Jane Garza, Gallego spokesperson, rebuffed Scott’s comments, “Taking the time necessary to produce a strong, bipartisan product is not the same thing as stalling, and implying that Democrats don’t want to get this done isn’t productive.” Later in October, however, the different factions in Congress got back on track after intense lobbying from crypto leaders. Fast forward to November, the Senate Agriculture Committee, tasked with the CFTC’s side of the bill, released a draft discussion paper that left the entire DeFi section for further feedback. This is a pre-markup process that will help combine drafts from both committees into a final, coherent legislation. What’s next after the mark-up? In the legislative process, markups play a crucial role in shaping bills. During this stage, committees collaborate to review the proposed legislation. They discuss, amend, and refine the text to ensure clarity and alignment with policy goals. Once the…
Filed under: News - @ November 19, 2025 1:27 pm