U.S. Senate cryptocurrency legislation progresses, expected to be voted on by the floor in early 2026

PANews reported on November 19 that according to Crypto In America, on Tuesday morning, Tim Scott, chairman of the U.S. Senate Banking Committee, revealed the Senate’s preliminary timetable for advancing the structural reform of the cryptocurrency market, providing clear information to the industry. "By the end of this year, next month, we think both committees will be able to complete their deliberations and vote and send the bill to the full Senate early next year for President Trump to sign it," Scott said in a television interview.

It is unclear when the Banking Commission will publish the revised text of the bill, but industry sources involved in the process said key parts are still being finalized. With lawmakers setting off tomorrow to celebrate Thanksgiving, the draft may not be released until December, or even shortly before consideration. Meanwhile, industry is expected to provide feedback over Thanksgiving after the Senate Agriculture Committee released a draft for bipartisan discussion last week that many believe still has many unfinished parts. According to the timetable given by Scott, both the Senate Agriculture Committee and the Banking Committee plan to review and vote next month, and then merge the two drafts into one bill and strive to submit it to the full Senate for a vote in early 2026. After the bill passes the Senate, it will be sent back to the House for final approval before being presented to President Trump for his signature.

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