Thanksgiving could throw a big surprise for crypto investors
Thanksgiving could throw a big surprise for crypto investors originally appeared on TheStreet.
The upcoming Thanksgiving could bring surprising news to the crypto community if Sen. Cynthia Lummis (R-WY) is to be believed.
The digital asset market structure bill will land on President Donald Trump's desk before the end of 2025, Lummis said. “I hope it’s before Thanksgiving.” She was speaking at the Wyoming Blockchain Symposium in Jackson Hole on Aug. 20 when she made the revelation.
The Republican camp is attempting to have the bill passed through the Senate Banking Committee by the end of September and considered in the Senate Agriculture Committee in October, Lummis said. These committees will discuss how the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) regulate crypto assets.
The market structure bill builds on the Digital Asset Market Clarity (CLARITY) Act, which the House of Representatives already passed with bipartisan support on July 17. Now, the Republicans want to continue with its progress in the Senate, she added.
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Lummis is one of the loudest crypto advocates in the U.S. political circle who also introduced the Bitcoin bill to codify Trump's executive order to establish a strategic Bitcoin reserve. This reserve will consist of Bitcoin forfeited by federal agencies during criminal or civil proceedings.
The House has also passed the Anti-Central Bank Digital Currency (CBDC) bill on July 17, but with negligible support from the Democratic Party. The GENIUS Act, which deals with stablecoin regulation, became a law after Trump signed it on July 18.
With the Trump administration pushing an aggressive pro-crypto agenda, the fate of the remaining crypto bills will be a key test of its commitment.
Thanksgiving could throw a big surprise for crypto investors first appeared on TheStreet on Aug 21, 2025
This story was originally reported by TheStreet on Aug 21, 2025, where it first appeared.