Senate Banking Committee Chairman Tim Scott (R-S.C.) announced the release of a bipartisan manager’s amendment today, showcasing a culmination of months of negotiation with Democratic colleagues. The bill aims to clarify market structure in a way that benefits families and small businesses by providing clear regulations governing digital assets.
Chairman Scott emphasized the importance of this legislation, stating, “Families and small businesses benefit from clear rules of the road. This bill reflects months of serious work, ideas, and concerns that have been raised across the Committee, and it gives everyday Americans the protections and certainty they deserve.” He further asserted that it is imperative for the legislative process to move swiftly to prevent bad actors from exploiting current market ambiguity, highlighting a commitment to prioritizing Main Street and national security within the financial sector.
The goal of the proposed market structure legislation is to democratize the American economy while safeguarding investments and fostering innovation in the United States. Since June 2025, Chairman Scott and Senate Republicans have voiced the need for comprehensive legislation, initially outlining principles for market structure. This was complemented by multiple hearings in the committee and the release of a Request for Information (RFI) from various industry stakeholders in July.
Feedback from the RFI led to the formulation of a second discussion draft in September 2025. The recent bipartisan manager’s amendment reflects a collaborative effort among Senate Republicans and Democrats, signalling optimism that the bill is now ready for markup and represents a significant step forward in positioning the U.S. as a leader in the evolving crypto landscape.
The release of this bipartisan amendment is a crucial step toward establishing a balanced and secure framework that not only protects consumers but also encourages innovation and investment within the financial system. As this dialogue among lawmakers continues, there is hope for a future where America can solidify its role as the crypto capital of the world.