US Lawmakers Signal Crypto Market Structure Bill Is 'Closer Than Ever' as Bipartisan Negotiations Continue

Source: CryptoNewsNet Original Title: US Lawmakers Say Crypto Market Structure Bill Is ‘Closer Than Ever’ as Bipartisan Negotiations Continue Original Link: U.S. lawmakers struck an optimistic tone on crypto legislation as talks advance. Recent statements pointed to negotiations nearing consensus on market structure rules, signaling confidence that bipartisan legislation to support the digital asset industry is within reach.

As Senate Banking Committee Chairman Tim Scott continues leading negotiations among committee members, the White House, and industry stakeholders on crypto market structure legislation, Senator Cynthia Lummis stated:

“Thanks to Chairman Scott’s leadership, we are closer than ever to giving the digital asset industry the clarity it deserves. Everyone is still at the negotiating table, & I look forward to partnering with him to deliver a bipartisan bill the industry— & America— can be proud of.”

The Wyoming Republican’s remarks tied Scott’s role directly to progress in the talks and portrayed the process as active and collaborative rather than stalled. Lummis has repeatedly emphasized that clear federal rules are necessary to keep digital asset innovation anchored in the United States, reduce regulatory uncertainty, and strengthen America’s competitive position.

Additional comments reinforced that bullish outlook by pointing to precedent and sustained effort. Senator Bill Hagerty explained that the negotiations mirror the persistence required to pass the GENIUS Act, which he described as a turning point for U.S. crypto leadership. He noted that America’s work on market structure will significantly improve the United States’ posture and remains committed to legislation ensuring the technology flourishes domestically for decades.

White House Engagement

White House AI and crypto adviser David Sacks emphasized that momentum around market structure legislation remains strong and encouraged the industry to use the current pause to bridge outstanding gaps. He wrote:

“Passage of market structure legislation remains as close as it’s ever been. The crypto industry should use this pause to resolve any remaining differences. Now is the time to set the rules of the road and secure the future of this industry.”

Sacks highlighted continued engagement from the executive branch, noting that the White House is actively working with Senate Banking Committee Chairman Tim Scott, committee members, and industry participants to move bipartisan crypto market structure legislation forward as quickly as possible.

Industry Concerns

However, this official optimism faces a sharp reality check from the private sector. Industry leaders have pivoted to a stance of “no bill rather than a bad bill,” arguing that the current crypto market structure draft is more restrictive than the status quo. Primary objections center on a “de facto ban” on tokenized equities and severe prohibitions on DeFi that critics claim would grant the government “unlimited access” to private financial data. Additionally, industry participants slam provisions that eliminate stablecoin rewards, viewing them as a handout to traditional financial institutions seeking to stifle competition.