Crypto Market Bill Nears Full Senate Vote After Months of Delays and Revisions

Senate committees plan markups next month and signal new momentum for the crypto market bill.

Bipartisan work shapes the latest draft and guides progress toward clearer digital asset rules.

Lawmakers push to advance the bill despite political tension and previous delays

The crypto market bill is moving toward a critical phase as Senate leaders outline a schedule for committee action next month. The strategy is an indication of new impetus following months of stagnation and rewritten drafts

Chairman of the Senate Banking Committee Tim Scott reported that both the Banking and Agriculture committees are planning to start formal markups in the near future. The progress indicates that the bill can progress to the full Senate vote early next year.

Committees Aim to Accelerate Legislative Progress

The dual-committee review has taken longer than expected, and Scott has expressed concern about the pace. He has stated that the drawn-out process has slowed the bill’s progress, yet he now views committee votes as increasingly likely. The new schedule follows extended discussions between lawmakers who represent different approaches to digital asset oversight

The Agriculture Committee has also prepared its own timeline, which aligns with plans for early December activity. Senator John Boozman has noted that his committee sees growing urgency to create digital asset rules, and this sentiment now appears shared across both panels

Shift Toward a Bipartisan Framework

Earlier drafts of the Senate bill contained more Republican features. Nevertheless, the recent one will likely have a bipartisan model. Those reporters who have trailed the negotiation have pointed out that lawmakers have perceived cooperation as the way forward to get the bill to the desk of the President

The new policy aims to ease long standing issues of jurisdiction, consumer protection, and market clarity. The bipartisan draft that was published on November 10 provided a way the Commodity Futures Trading Commission would regulate digital commodities

The Senate recently revealed plans to release the crypto market bill this week to clarify digital asset rules. The latest draft emphasized the rejuvenated cooperation between the two sides and outlined aspects in which the lawmakers now demonstrate consensus.

Progress in the Senate also connects to action in the House. The CLARITY Act was passed in the House earlier this year, and the Senate leaders have tried to perfect their version. One of the main concerns is a classification system which would assist in identifying those cryptocurrencies that are not subject to securities regulations. Lawmakers continue to debate this point because it affects regulatory boundaries and industry compliance.

Political Tensions Influence the Timeline

Despite visible momentum, political friction continues. Scott has argued that Democratic resistance contributed to earlier delays. He has suggested that some members wished to avoid offering political gains to former President Trump

These tensions contributed to missed deadlines, including Scott’s earlier goal to move the bill by the end of September. However, the recent bipartisan draft and the new markup schedule show that lawmakers may now prioritize the legislative process over partisan disputes.

Industry Watches Congressional Movement

Industry leaders have monitored the developments closely. Coinbase’s chief executive noted recent progress and suggested that Congress could finalize the bill by December. That estimated timeline aligns with the Agriculture Committee’s December plans and reinforces growing expectations for action. Market participants have followed each update because the bill could define long-term regulatory standards for digital assets.