Senator Cynthia Lummis strives to push forward the cryptocurrency bill before the end of the year

ChainCatcher news, according to the Wyoming Blockchain Symposium, U.S. crypto-friendly Senator and Bitcoin bill architect Cynthia Lummis plans to push a cryptocurrency market structure bill through by the end of the year, detailing the plan for the bill on Wednesday. Lummis stated, "We will get the market structure bill to the president's desk by the end of the year. I hope to do it before Thanksgiving, so that is our goal."

Previously, Lummis, Bill Hagerty, Bernie Moreno, and Senate Banking Committee Chairman Tim Scott released a broader discussion draft of the crypto market structure bill last month, setting a self-imposed deadline of September 30 to make progress within the committee. Meanwhile, the House passed a market structure bill called the Digital Asset Market Clarity Act last month, which differs from the Senate Banking Committee's version. Lummis said on Wednesday that the Senate is "very chaotic" procedurally.

"We believe we will use the House's CLARITY Act as the foundational bill," Lummis said. "We will try to retain the amendments related to stablecoin legislation that the House wants to include, as well as the content they put into the CLARITY Act. We hope to respect the House's work as much as possible."