U.S. Senator Cynthia Lummis renewed her push for comprehensive crypto market structure legislation, urging Congress to define clear jurisdictional rules for Bitcoin and the broader digital asset sector.
In a public statement, Lummis said regulatory ambiguity has weakened U.S. competitiveness by pushing capital and development offshore. She argued that a clear framework would establish jurisdiction, strengthen investor protections, and provide certainty for firms operating in digital finance. According to Lummis, the absence of defined oversight has discouraged exchanges, developers, and institutional investors from expanding activity in the United States.
Her proposal centers on resolving long-standing overlaps between U.S. regulators, which have created uncertainty around compliance and enforcement. Lummis emphasized Bitcoin as a distinct asset class, separate from many other tokens, and called for rules that reflect its decentralized structure while offering clarity for custody, trading, and financial services tied to crypto assets.
If enacted, market structure legislation could reshape how crypto firms operate domestically by reducing regulatory friction and providing predictable conditions for growth. Lummis framed the initiative as an economic and strategic priority, arguing that clear rules are necessary to ensure the next phase of digital finance development takes place in the United States rather than abroad.
Source: Public statements by Senator Cynthia Lummis
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