Senator Cynthia Lummis is making headlines in the crypto world with her push to pass major legislation on digital asset market structure before the end of this year, ideally by Thanksgiving. Joined by other key senators, including Bill Hagerty and Bernie Moreno, Senator Lummis is working to establish comprehensive regulatory rules that will clarify how cryptocurrencies and digital assets are supervised in the United States.

This bipartisan bill, built on recent acts like the CLARITY Act and GENIUS Act, aims to tackle some of the biggest challenges facing the industry: regulatory uncertainty and outdated laws. The draft legislation sets out to clearly distinguish between digital asset securities and commodities, empowering both the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) with their roles under the new framework.

A major focus of the bill is on consumer protection and financial stability, while enabling innovation and maintaining U.S. leadership in digital asset development. The Senate Banking Committee is expected to finish its work by September, after which the Senate Agriculture Committee will contribute its portion regarding commodities. After committee reviews, the final bill should reach President Trump’s desk before year’s end.

Despite strong momentum, some political hurdles remain, particularly from lawmakers concerned about investor protections and the broader impact of digital assets. Nevertheless, Senator Lummis and her colleagues believe that the time for regulatory uncertainty is over and that modern, balanced legislation is essential not only for protecting consumers, but also for unlocking the true potential of digital assets in the American economy.

As the industry awaits further updates, the passage of this market structure bill could mark a turning point for the U.S. crypto regulatory landscape, providing much-needed clarity and confidence for investors, innovators, and the wider market.