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Senator Lummis Pushes Crypto Bill Amid Government Shutdown

10/4/2025

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Summary

Story summary

Senator Cynthia Lummis is advancing a crypto market structure bill, signaling legislative momentum amid government shutdown.
The shutdown delays approvals of new spot crypto ETFs as SEC staff operate under limits.
The Senate Banking Committee will continue work on the market structure bill, planned for September markup.
GENIUS Act, passed, creates a framework for stablecoins but needs further regulatory development.

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Story summary

Senator Cynthia Lummis is advancing a crypto market structure bill, signaling legislative momentum amid government shutdown.
The shutdown delays approvals of new spot crypto ETFs as SEC staff operate under limits.
The Senate Banking Committee will continue work on the market structure bill, planned for September markup.
GENIUS Act, passed, creates a framework for stablecoins but needs further regulatory development.