US Crypto Rules 'So Close' Says Senator Lummis

Big changes for cryptocurrency rules in America might happen soon, according to Senator Cynthia Lummis from Wyoming.

Senator Lummis spoke at a blockchain conference in Washington D.C. on Wednesday about new laws that would create clear rules for buying and selling cryptocurrencies (digital money like Bitcoin). She said lawmakers are "so close this time" to passing these important regulations.

The main problem holding things up? A disagreement about stablecoins (cryptocurrencies designed to keep a steady value, usually $1). Banks and crypto companies can't agree on whether stablecoin holders should earn interest (extra money for holding them), similar to a savings account.

Here's what's happening: • The House of Representatives (one part of Congress) already approved the bill in July 2025 • The Senate (the other part) has been stuck on the stablecoin issue • Senator Tim Scott postponed a key meeting about the bill in January • Lummis believes they've finally found a compromise

The Senator mentioned that she expected the crypto industry to be celebrating by now, but "things [she] did not expect" have slowed progress. She's been working with the White House and other lawmakers to solve the stablecoin problem.

Why this matters: Clear rules would help protect people who buy cryptocurrencies and make it easier for businesses to operate legally. Right now, many crypto companies struggle because the rules aren't clear.

If passed, this bill would be the first major cryptocurrency law in the United States, potentially affecting millions of Americans who own or want to buy digital currencies.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/news/senator-lummis-market-structure-bill-so-close?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound