Senator: The draft of the crypto market structure bill is expected to be released this weekend, with amendment and voting hearings scheduled for next week.

U.S. Senators Gillibrand (Democrat, New York) and Lummis (Republican, Wyoming) stated at the Blockchain Association Policy Summit that the Senate is accelerating the process of pushing a market structure bill covering the entire crypto industry, hoping to ultimately have it signed by incumbent President Trump. Gillibrand stated that both parties have been engaged in intensive negotiations, and "nothing is hindering this bill," revealing that the first efficient bipartisan meeting was held last week. Democrats submitted their final demands to Republicans on Monday evening and will continue to refine the text on key issues such as decentralized exchanges. Lummis stated that the Senate Banking Committee plans to release the draft bill this weekend, hold amendment and voting hearings next week, and described the simultaneous negotiations with the White House as a "three-dimensional chess game." It is worth noting that some Democrats remain concerned about the ethical risks of the Trump family's involvement in crypto businesses and are pushing for the inclusion of relevant restrictive clauses in the bill. Industry insiders indicate that if the committee issues a notice of consideration this week, the bill is still expected to reach Trump's signature in early 2026. (The Block)