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Senator Cynthia Lummis is pushing to advance a crypto bill by the end of the year
BlockBeats News, August 21st, U.S. Senator and Bitcoin Bill drafter Cynthia Lummis, who is friendly to cryptocurrency, plans to push through a cryptocurrency market structure bill by the end of the year. She detailed the plan for this bill at the Wyoming Blockchain Seminar on Wednesday. Lummis said, "We will get the market structure bill to the President's desk before the end of the year. I hope to do this before Thanksgiving, so that is our goal."
Previously, Lummis, Bill Hagerty, Bernie Moreno, and Senate Banking Committee Chairman Tim Scott released a broader cryptocurrency market structure bill discussion draft last month and set a self-imposed deadline of September 30th to make progress within the committee. Meanwhile, the House passed a market structure bill last month called the Digital Asset Market Clarity Act, which differs from the Senate Banking Committee's version.
On Wednesday, Lummis stated that the Senate is "very messy" in its processes.
"We believe that we will use the House's 'CLARITY Act' as the base bill," Lummis said. "We will try to retain the amendments related to the stablecoin bill that the House wanted to add, as well as the content they put into the 'CLARITY Act.' We hope to respect the House's work as much as possible."
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