U.S. Senate Banking Committee Chairman Tim Scott announced that a comprehensive cryptocurrency market structure draft will be released this week, marking a key milestone in the country's effort to establish a regulatory framework for digital assets.
As work on U.S. crypto legislation accelerates, Scott said the new draft, spanning roughly 70 pages, is expected to be published this week following extensive discussions between lawmakers and industry stakeholders. The proposal is intended to provide greater regulatory clarity for the digital asset sector.
A key step toward regulatory clarity
The draft is expected to address major issues including regulatory jurisdiction over digital assets, market structure rules, and the legal framework the crypto industry has long sought. It is also expected to complement the proposed stablecoin legislation as part of a broader U.S. digital asset regulatory framework.
Scott stated that bipartisan negotiations are continuing and emphasized that releasing the draft should accelerate the legislative process. After publication, the proposal is expected to move through Senate and House reviews before advancing toward a final vote.
