According to BlockBeats news, on August 21, pro-crypto Senator and Bitcoin bill author Cynthia Lummis plans to push a cryptocurrency market structure bill through before the end of the year, detailing the plan for the bill at a blockchain seminar in Wyoming on Wednesday. Lummis stated, 'We will send the market structure bill to the President's desk before the end of the year. I hope to do it before Thanksgiving, so that's our goal.'
Previously, Lummis, Bill Hagerty, Bernie Moreno, and Senate Banking Committee Chairman Tim Scott released a discussion draft of a broader cryptocurrency market structure bill last month and set a self-imposed deadline of September 30, hoping to make progress within the committee. Meanwhile, the House passed a market structure bill called the Digital Asset Market Clarity Act last month, which differs from the Senate Banking Committee's version. Lummis stated on Wednesday that the Senate is 'very messy' procedurally.
'We believe we will use the House's (CLARITY Act) as the base bill,' Lummis said. 'We will try to retain the amendments regarding stablecoin legislation that the House wishes to include, as well as the content they put into the (CLARITY Act). We want to respect the work of the House as much as possible.'