US Senator Cynthia Lummis said lawmakers are close to passing a long-awaited digital asset market structure bill, with key disagreements now nearing resolution.
The Wyoming Republican pointed to progress on stablecoin yield rules as the main breakthrough, which had previously stalled the legislation despite earlier approval in the House.
The bill, which aims to define crypto market rules and regulatory oversight, could move forward as early as April following Congress’ Easter recess.
“We are so close this time,”
Said Lummis at the DC Blockchain Summit.
Lummis said disagreements between the banking sector and crypto industry over stablecoin rewards had been the primary obstacle, but recent negotiations involving the White House suggest a compromise is near.
She added that issues around decentralised finance have largely been resolved, though debates continue over token classification, money transmitters and ethics provisions.
The legislation must still reconcile differences between Senate committees, particularly on how to classify digital assets as securities or commodities before a full vote can proceed.
Timing remains critical, with lawmakers warning that failure to pass the bill before the 2026 midterm elections could delay crypto regulation for years.
Supporters argue the current political alignment offers a narrow window to finalise the framework, as shifts in congressional control could reset progress on digital asset legislation.