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Lummis Says Crypto Market Structure Bill to Reach Trump by Thanksgiving

Lawmakers are pushing their stated timing expectations for delivery of the much-hyped crypto legislation.
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Aug 20, 2025 • 1 min read

U.S. Senator Cynthia Lummis said Wednesday that a final draft of crypto market structure legislation will be delivered to President Donald Trump before Thanksgiving, CoinDesk reports from the SALT conference in Jackson Hole.

What’s the Scoop?

  • Revised Timeline: Lummis confirmed that the Senate Banking Committee plans to pass the bill by the end of September, with the Agriculture Committee reviewing it in October, before sending it to Trump.
  • Industry Impact: The bill will clarify how the SEC and CFTC divide oversight of the crypto market, making it one of the most consequential pieces of legislation for digital assets.
  • Bipartisan Backing: Scott said he expects up to 18 Democrats to support the measure, signaling a rare bipartisan push in Congress.
  • Lummis’s Outlook: “We will have market structure by the end of the year,” she said, underscoring confidence that the bill will be enacted under Trump’s pro-crypto administration.

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