Senate Crypto Bill Hits the Floor

The full text of the U.S. Senate's crypto market structure bill is now public, posted on social media by user @Vivek4real_. The release turns months of committee debate into a formal legislative document, one that would set rules for how digital assets are classified, traded, and held by custodians.

The bill's publication is the first time the Senate has put a complete regulatory framework for crypto on paper. Previous signals came from hearings and summary documents. Now the language is fixed enough for lobbyists, exchanges, and agency heads to take a position.

No vote has been scheduled. The Senate Banking Committee is expected to mark up the bill in the coming weeks, with amendments likely from both sides. The text covers exchange registration, stablecoin oversight, and custody rules for brokers, according to the posted draft.

Bitcoin traded near $67,800 on the news, roughly flat on the session. Ether held above $3,500. Options markets showed no unusual positioning, suggesting traders saw the release as procedural rather than a catalyst.

The next concrete marker is the committee markup date, which has not been set.