U.S. Senator: The crypto market structure bill is expected to pass this year.

[U.S. Senator: Crypto Market Structure Bill Expected to Pass This Year] U.S. Senators Cynthia Lummis and Kirsten Gillibrand stated that bipartisan efforts are ongoing to push the crypto market structure legislation, hoping to complete it by the end of the year. Previously, the Senate Banking Committee set a target for the end of September, but the timeline has been delayed to October or even the end of the year. Gillibrand emphasized that the current Congress is facing negotiations over the fiscal cliff, and legislation should not have "artificial deadlines," noting that the negotiations have not yet defined a "red line"; Lummis stated that "it must be completed by the end of the year" and described it as being like "pregnant for four years." Democrats propose that the bill should include consumer protection, regulatory authority delineation, and ethical clauses, prohibiting the President, Vice President, and their families from profiting from encryption projects to prevent conflicts of interest. Gillibrand emphasizes that the ethical perspective is crucial for industry trust, while Lummis believes that investment restrictions for officials should be legislated alongside other securities rather than targeting crypto currencies separately.