Chairman Scott, Senators Lummis, Tillis Release Market Structure Bill Text Ahead of Banking Committee Markup

BACKGROUND:

Chairman Scott believes passing comprehensive market structure legislation will democratize the American economy and establish clear rules of the road for digital assets, all while protecting Main Street retail investors, ensuring future innovation happens in the United States, and safeguarding national security for all Americans.

Senate Banking Committee Republicans, led by Chairman Scott, first released their principles for market structure legislation in June 2025.

As a result of multiple hearings in the committee, Chairman Scott released a market structure legislation discussion draft and issued a Request for Information (RFI) to dozens of industry stakeholders in July 2025.

Building on extensive feedback from RFI participants, Chairman Scott and his colleagues released a second discussion draft in September 2025.

After months of good-faith, bipartisan negotiations led by Chairman Scott between Senate Republicans and Democrats, both on and off the Senate Banking Committee, he is releasing this manager’s amendment reflecting those discussions. It is time to move forward with a markup and take the next step in establishing America as the crypto capital of the world.

Read the full bill text here.

Read the section-by-section here.