SEC Chair confirms the crypto market structure bill has passed the House and is now moving through the U.S. Senate review process.
The chair of the U.S. Securities and Exchange Commission confirmed that a major crypto market structure bill has passed the House.
The statement was delivered during a live interview on CNBC. Lawmakers have been working for years to define clearer federal rules for digital asset markets.
House Approval and Legislative Progress
During the interview, the SEC Chair stated, “The House has adopted it. It has passed.” The confirmation marked a key step in the bill’s legislative journey.
The measure cleared the House following extended debate and revisions.
The bill seeks to define how digital assets are regulated in the United States. Lawmakers have focused on long-standing questions around oversight authority.
The lack of clear rules has affected both market operations and compliance planning.
Following House approval, the bill advanced to the Senate. The SEC Chair said the Senate is now moving through the process.
This stage includes committee reviews and procedural steps before a full vote.
Senate Review and Regulatory Process
The Senate review phase involves committee discussions and potential amendments. Senators may propose revisions before advancing the bill.
No final voting date has been announced.
The SEC Chair stated, “We’re looking forward to getting it across the finish line.” The comment suggested continued engagement between regulators and lawmakers.
However, the outcome remains dependent on Senate procedures.
Senate leaders have not released a formal timeline. Congressional aides have confirmed that discussions are ongoing.
The bill must pass the Senate before it can move forward for enactment.
Related Reading: “Delay Is No Longer Acceptable”: SEC Chair Pushes Congress on Crypto Rules
Scope of the Market Structure Framework
The legislation aims to establish clearer regulatory roles for digital asset oversight.
It outlines responsibilities between the SEC and the Commodity Futures Trading Commission. This division has been a central issue in crypto regulation debates.
The bill addresses trading platforms, custody services, and asset classifications. It also includes disclosure standards for certain crypto products.
These provisions are intended to provide consistent compliance expectations.
Crypto firms and financial institutions are closely monitoring the bill. Many companies have delayed expansion plans due to regulatory uncertainty.
The proposed framework could guide future rulemaking once approved.
The bill follows years of enforcement actions and court rulings. Lawmakers have cited these cases during policy discussions.
If enacted, implementation would depend on agency guidance and timelines.
The SEC Chair’s remarks have drawn attention across financial markets. Investors and firms are awaiting further updates from the Senate.
Until final approval, the legislation remains under review.
Source: https://www.livebitcoinnews.com/sec-chair-says-crypto-market-structure-bill-has-passed-the-house/
