Senator Tim Scott: Congress is making 'real progress' on crypto market structure legislation.

Senate Banking Committee member Tim Scott publicly stated that Congress is making 'real progress' on crypto market structure legislation — a signal that the long-awaited regulatory framework for digital assets may be closer to a floor vote than markets have priced in.

Market structure legislation would define which digital assets fall under SEC versus CFTC jurisdiction, a foundational question that has kept institutional capital on the sidelines. Progress in the Senate, combined with parallel House efforts, raises the probability of a coherent U.S. framework materialising within this congressional session.

For the broader crypto market, regulatory clarity at this level is a structural tailwind — reducing compliance uncertainty for exchanges, token issuers, and institutional allocators alike.