# Lummis Says Crypto Market Structure Bill to Reach Trump by Thanksgiving

*Author: Bankless*
*Published: Aug 20, 2025*
*Source: https://www.bankless.com/read/lummis-says-crypto-market-structure-bill-to-reach-trump-by-thanksgiving*

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U.S. Senator Cynthia Lummis said Wednesday that a final draft of crypto market structure legislation will be delivered to President Donald Trump before Thanksgiving, [CoinDesk](https://www.coindesk.com/policy/2025/08/20/market-structure-bill-will-be-before-president-trump-before-thanksgiving-says-sen-lummis) reports from the SALT conference in Jackson Hole.

### What’s the Scoop?
- **Revised Timeline:** Lummis confirmed that the Senate Banking Committee plans to pass the bill by the end of September, with the Agriculture Committee reviewing it in October, before sending it to Trump.
- **Industry Impact:** The bill will clarify how the SEC and CFTC divide oversight of the crypto market, making it one of the most consequential pieces of legislation for digital assets.
- **Bipartisan Backing:** Scott said he expects up to 18 Democrats to support the measure, signaling a rare bipartisan push in Congress.
- **Lummis’s Outlook:** “We will have market structure by the end of the year,” she said, underscoring confidence that the bill will be enacted under Trump’s pro-crypto administration.