The Senate Banking Committee will hold a hearing on cryptocurrency market structure on Wednesday.

On July 7, according to Crypto In America, the Senate Banking Committee will hold a hearing on cryptocurrency market structure on Wednesday and plans to release a draft regulatory framework for discussion. The draft will incorporate key content from the 2023 Lummis-Gillibrand Act and the House CLARITY Act, and aims to complete market structure legislation before the August recess.
Next week, the House of Representatives will vote on three important bills: the Senate's stablecoin bill (GENIUS Act), the CLARITY Act, and the anti-CBDC surveillance bill. Among them, the GENIUS Act is expected to be submitted directly to President Trump for signing without modification.
Meanwhile, the Trump administration's Digital Asset Market Working Group is expected to release its first important report on July 22, which may include recommendations for establishing a Bitcoin strategic reserve and ensuring that crypto companies receive fair banking services.
Witnesses at the hearing include Ripple CEO Brad Garlinghouse, Blockchain Association CEO Summer Mersinger, Chainalysis CEO Jonathan Levin, and Paradigm partner Dan Robinson. [Deep Tide TechFlow]