Senator: The draft of the crypto market structure bill is expected to be released this weekend, with amendment and voting hearings scheduled for next week.

According to Odaily Planet Daily, U.S. Senators Gillibrand (Democrat, New York) and Lummis (Republican, Wyoming) stated at the Blockchain Association Policy Summit that the Senate is accelerating the push for a market structure bill covering the entire crypto industry, hoping it will eventually be signed by incumbent President Trump.

Gillibrand stated that the two parties have been in intensive negotiations, and "nothing is hindering this bill," adding that the first efficient bipartisan meeting was held last week. The Democrats submitted their final demands to the Republicans on Monday evening and will continue to refine the text on key issues such as decentralized exchanges.

Lummis stated that the Senate Banking Committee plans to release the draft bill this weekend, hold amendment and voting hearings next week, and described the negotiations with the White House as a kind of "three-dimensional chess game."

It's worth noting that some Democrats remain concerned about the ethical risks of the Trump family's involvement in the crypto business and are pushing for the inclusion of relevant restrictions in the bill. Industry insiders say that if the committee issues a notice of consideration this week, the bill could still be sent to Trump for signature in early 2026. (The Block)