Lummis, Scott Release Principles for Market Structure Legislation

June 24, 2025
Washington, D.C.— U.S. Senator Cynthia Lummis (R-WY) joined Senate Banking Chairman Tim Scott (R-SC) in releasing principles to guide the Committee’s consideration of market structure legislation.
“America desperately needs digital asset legislation that promotes responsible innovation and protects consumers,”said Lummis.“While the European Union and Singapore have established clear regulations, the U.S. continues to sit on the sidelines while the digital asset industry seeks greener pastures. That changes today. I am partnering with Chairman Scott to provide principles for market structure legislation to finally draw the line between a security and a commodity and ensure the U.S. remains at the helm of global financial advancement.”
“Since taking over as Chairman, I’ve led a new approach to digital assets regulation, and we’ve delivered results for the industry and the American people,”said Scott.“We have more work to do, and I look forward to building on the success of theGENIUS Actand advancing market structure legislation here in the Senate. These principles will serve as an important baseline for negotiations on this bill, and I’m hopeful my colleagues will put politics aside and provide long-overdue clarity for digital asset regulation.”
The market structure principles state:
Legislation Should Clearly Define the Legal Status of Digital Assets
Jurisdiction Should Be Clearly Allocated Among Regulators
SEC and CFTC Regulation Should be Modernized to Foster Innovation
Regulation Should Protect Those Who Purchase or Trade Digital Assets
Illicit Finance Measures Should Be Targeted and Pro-Innovation
Federal Financial Regulators Should Welcome Responsible Innovation
For complete market structure principles,click here.
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