Key Notes

Scott accused Democrats of delaying the legislation, arguing that the crypto market bill is essential for stronger consumer protections.

The Senate’s version of the bill seeks to clarify regulatory boundaries between the SEC and CFTC and define “ancillary assets”.

Meanwhile, Coinbase CEO Brian Armstrong continues lobbying in Washington for quick passage.

Tim Scott, the US Senate Banking Committee chair, said the committee will soon vote on the crypto market structure bill to bring clearer regulations to the industry.

Since the bill covers both securities and commodities, it must pass through the Senate Banking Committee as well as the Senate Agriculture Committee. Related article: Senate Moves to End Gov Shutdown: Crypto Market Breathes Again

During his interview with Fox

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