Senate Banking Committee Chairman Tim Scott stated that he plans to review a cryptocurrency market structure bill next month, with the aim of submitting it to President Trump early next year.
Scott mentioned in an interview with Fox Business on Tuesday that the committee has been negotiating with Democrats to reach an agreement, but he accused the party's senators of delaying the process.
"Next month, we believe we can complete the review in both committees and submit it to the full Senate for President Trump to sign the legislation, making the U.S. the global crypto capital," Scott said.
The House passed the CLARITY Act in July, which clarifies the Commodity Futures Trading Commission and Securities and Exchange Commission's authority to regulate cryptocurrencies, while the Senate has been working on its own version.
Republican members of the Senate Banking Committee released a discussion draft of their portion in July, suggesting that it would be combined with the CLARITY Act. The Senate Agriculture Committee released a discussion draft on November 10, with many provisions still subject to change.
The Agriculture Committee oversees the CFTC, while the Banking Committee supervises the SEC and leads the legislative work related to securities law.
Coinbase CEO Brian Armstrong posted a video on the X platform on Tuesday, stating that he is "pushing for market structure legislation" in Washington, D.C., and noted that "significant progress has been made."
"The Senate Banking Committee is also working day and night to advance the next version of the text, so I believe we have a great chance to review the bill in December, and hopefully it will soon be on the President's desk," Armstrong said.
"This will be an important milestone in unlocking the U.S. crypto industry and establishing clear rules, benefiting all companies," he added.
The CLARITY Act is one of three major pieces of cryptocurrency legislation passed by the House in July, following a 10-hour vote, which also included the GENIUS Act aimed at regulating stablecoins and the anti-CBDC surveillance bill that prohibits central bank digital currencies.
Since the Senate is drafting its own version, if the CLARITY Act is approved, it will return to the House for final approval before being submitted to Trump to be signed into law.
Currently, the Republicans hold 53 seats in the Senate, while the Democrats have 47, and legislation requires 60 votes to pass.
Related: The U.S. Securities and Exchange Commission (SEC) did not specifically mention cryptocurrencies in its 2026 review priorities.
Original: “Senator Tim Scott Pushes for Cryptocurrency Market Bill to be Voted on in December”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
