The post Senate Works on Crypto Market Bill Before Holiday Recess appeared on BitcoinEthereumNews.com. Key Points: Senate collaboration on cryptocurrency regulation led by Lummis and Gillibrand. Draft legislation aims for review before holiday recess. Potential impacts on Bitcoin, Ethereum, and stablecoins expected. U.S. Senators, led by Cynthia Lummis (R-WY), push to finalize crypto market structure legislation next week before the holiday break, following intensive cross-party discussions. If successful, the legislation could standardize the crypto market, impacting major currencies like Bitcoin and Ethereum by providing regulatory clarity crucial for institutional adoption. Senate Races Against Time for Crypto Legislation Senator Cynthia Lummis is leading the charge in the Senate’s cryptocurrency market legislation with a bipartisan effort that includes Senator Kirsten Gillibrand. The primary objective is to introduce a draft to the Banking Committee by week’s end. As Lummis noted, “Time is of the essence,” highlighting the urgency of these negotiations. Changes to the current regulatory framework are expected, with the bill potentially redefining how financial institutions interact with cryptocurrencies. This includes the classification of assets such as Bitcoin and Ethereum and how they are traded on U.S. exchanges. For detailed insights on the progress of the bill, you can refer to Senator Lummis negotiates critical points on crypto bill with White House. “My goal is to share a draft of the Senate’s version of a market structure bill by the end of this week, then let the crypto industry as well as Republicans and Democrats vet it and proceed to markup next week.” — Cynthia Lummis, U.S. Senator Market and industry responses are mixed, with significant attention from major financial institutions. CEOs of major U.S. banks like Bank of America and Citi are involved in discussions, illustrating traditional finance’s vested interest in the bill’s outcomes. Crypto Markets Brace for Regulatory Impacts Did you know? The collaboration between Lummis and Gillibrand mirrors previous bipartisan efforts, highlighting shifting… The post Senate Works on Crypto Market Bill Before Holiday Recess appeared on BitcoinEthereumNews.com. Key Points: Senate collaboration on cryptocurrency regulation led by Lummis and Gillibrand. Draft legislation aims for review before holiday recess. Potential impacts on Bitcoin, Ethereum, and stablecoins expected. U.S. Senators, led by Cynthia Lummis (R-WY), push to finalize crypto market structure legislation next week before the holiday break, following intensive cross-party discussions. If successful, the legislation could standardize the crypto market, impacting major currencies like Bitcoin and Ethereum by providing regulatory clarity crucial for institutional adoption. Senate Races Against Time for Crypto Legislation Senator Cynthia Lummis is leading the charge in the Senate’s cryptocurrency market legislation with a bipartisan effort that includes Senator Kirsten Gillibrand. The primary objective is to introduce a draft to the Banking Committee by week’s end. As Lummis noted, “Time is of the essence,” highlighting the urgency of these negotiations. Changes to the current regulatory framework are expected, with the bill potentially redefining how financial institutions interact with cryptocurrencies. This includes the classification of assets such as Bitcoin and Ethereum and how they are traded on U.S. exchanges. For detailed insights on the progress of the bill, you can refer to Senator Lummis negotiates critical points on crypto bill with White House. “My goal is to share a draft of the Senate’s version of a market structure bill by the end of this week, then let the crypto industry as well as Republicans and Democrats vet it and proceed to markup next week.” — Cynthia Lummis, U.S. Senator Market and industry responses are mixed, with significant attention from major financial institutions. CEOs of major U.S. banks like Bank of America and Citi are involved in discussions, illustrating traditional finance’s vested interest in the bill’s outcomes. Crypto Markets Brace for Regulatory Impacts Did you know? The collaboration between Lummis and Gillibrand mirrors previous bipartisan efforts, highlighting shifting…