Senate seeks to rein in stock tokenization in latest crypto bill draft

The Senate is still ironing the regulatory surveillance version for crypto and digital assets, but one step closer.

On Friday, senators updated the draft of a large market structure crypto invoice with a new provision that would prevent shares and other securities from being treated as commodities if they are specified as digital assets and crypto.

“We want this at the president’s desk before the end of the year.” He said.

The Assembly and the Senate passed a major stablecoin bill during the summer of President Donald Trump in July.

However, the real award for many crypto companies Coin And Ripple is a market structure invoice.

The parliamentary bill was passed in July, but the Senate is working on its version. At the end of the two versions, Trump will need to be combined to reach the table.

Version of the Senate, 2025 Responsible Financial Innovation LawIt prepares the ground where digital assets will be organized as securities against goods.

Lummis said he expects the Draft of the Senate Banking Committee to vote this month in the section on the securities and stock market commission. Authorized, the Senate Agricultural Committee in October in the commodity futures trade commission expected to vote in the department, he said.

Lummis said that a vote on the ground could come in November.

The draft has not yet received support from the Senate Democrats, but Lummis said that the two -party discussions continued.

“There are efforts to match the democrats and republicans in some sub-sections of the bill-to make sure that there is a basic bilateral agreement on the largest extent-the most comprehensive issues.” He said.

Even if all Republicans voted for the measure, at least seven democratic senators would have to join them to ensure the passage.

Senate Banking Committee spokesman said in a statement that the draft “reflects the feedback from hundreds of stakeholders with a wide range of questions”.