Senate Banking Chair Tim Scott says crypto market-structure bill sees "real progress" after Dec. 11, 2025 bank meetings

On December 11, 2025, Senate Banking Committee Chair Tim Scott said "real progress" is underway on a comprehensive crypto market-structure bill after meeting with U.S. bank CEOs. The effort would clarify oversight between the SEC and CFTC, while banking groups say the GENIUS Act addressing stablecoins has gaps. Senate committees are negotiating differences to advance a unified framework for exchanges, brokers, and token issuers.