Sen. Lummis says crypto market structure bill will cross the finish line in May!

Senator Cynthia Lummis has publicly committed to getting crypto market structure legislation across the finish line in May, marking one of the most concrete timelines yet from a sitting U.S. senator on the issue. Lummis has been among the most vocal crypto advocates in Congress, and a firm May target signals the bill has enough momentum to move through the Senate floor process.

A clear legislative framework for crypto market structure would be a watershed moment for the industry — defining which assets are securities, which are commodities, and which regulator holds jurisdiction. Markets have long priced in regulatory uncertainty as a discount; a passed bill would remove one of the most persistent overhangs on institutional adoption.