Senate Banking Committee Plans Crypto Market Structure Markup
- Senator Tim Scott announced a potential markup of the crypto market structure text on December 17 or 18.
- The Senate Banking Committee may have sufficient votes, with thirteen Republicans and two to three Democrats showing support.
- The announcement was made during a Christmas event in Washington, hosted by Scott and Senators Bill Hagerty and Cynthia Lummis.
- Around two hundred attendees included cryptocurrency executives from firms like Coinbase, Kraken, and Ripple.
- The markup is aimed to occur before lawmakers leave for recess, highlighting urgency among supporters for year-end progress.
The Senate’s movement towards finalizing the crypto market structure bill reflects a growing bipartisan effort to establish regulatory clarity in the cryptocurrency sector.
With potential support from both parties, the markup could pave the way for significant legislative advancements before the end of the year. (Source)
