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August 30, 2025

Sen. Lummis Updates Crypto Market Structure Bill Tari | usagoldmines.com

The Crypto Market Structure Bill has been one of the central bills in the news recently. Senator Cynthia Lummis has brought some exciting news about the Bill.

At the Wyoming Blockchain Symposium, she discussed how Washington is moving toward more robust regulations for the industry. The Crypto Market Structure Bill is at the center of many discussions, and for good reason.

Why This Bill Matters

With crypto prices struggling and markets pulling back, regulation is becoming a top priority. Lummis, a strong supporter of crypto, believes the U.S. must stay competitive. She says the country shouldn’t fall behind places like Singapore, the UAE, or Japan, which already have stronger frameworks in place.

In her talk, Lummis explained that the Genesis Act, a law focused on stablecoin regulation, was an essential first step. Nonetheless, the Clarity Act, the key Bill regarding the crypto market structure, is garnering the most attention. The Bill also seeks to define the roles of agencies like the SEC and CFTC. It does this by spelling out the differences between commodities and securities.

She said the Senate Banking Committee will begin work on its version in September. Another committee will add its input in October. The goal is to bring everything together and deliver it by Thanksgiving or Christmas.

Industry Feedback and Ancillary Assets

Another essential detail Lummis reported was industry feedback. She added that the Senate has been receiving a lot of input on cryptocurrencies from companies and other stakeholders. The industry is taking the Bill seriously, as they realize that regulation is around the corner. Lummis said that the Senate version would add ancillary assets that better define classes of crypto.

Beyond market structure, Lummis talked about crypto taxes. She said older tax rules didn’t fit digital assets well, especially the definition of “broker.” Her plan would address this issue by taxing small transactions and eliminating double taxation on mined or staked assets. She suggests adding crypto holdings to mortgage applications, as many holders are first-time buyers.

Lummis admitted the U.S. has lost some business to other regions but remains optimistic. She believes the Crypto Market Structure Bill can make the United States a leader in innovation. It would also protect customers and safeguard their funds.

The Crypto Market Structure Bill has the potential to be the pivotal moment the United States crypto industry has been longing for. Lummis and her team are moving quickly, utilizing industry feedback to create innovative and user-centric rules. Should they succeed, the United States may offer the clarity the industry has been seeking.

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This articles is written by : Nermeen Nabil Khear Abdelmalak

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