The Senate tries to curb stock tokrification in the latest Crypto Bill Draft

Senate is still ironing its version of the regulator oversight for Crypto and for Crypto Digital assetsBut this is another step close.

Senators updated the draft of a major market structure on Friday Crypto A new provision with a bill that will prevent stock and other securities from behaving as commodities Token In the form of digital assets and crypto.

“We want this at the President’s desk before the end of the year,” Sen Synthia Lumis, R-YO., Told CNBC on Thursday.

House and Senate passed a major Stabechoin Bill in summer, which president Donald Trump Signed in the law in July.

But real awards for many crypto companies coincidence And Wave The market structure is bill.

The House passed its bill in July, but the Senate is working on its version. To reach the desk of Trump, two versions will eventually need to be combined.

Version of Senate, Responsible Financial Innovation Act 2025When digital assets will be regulated as securities versus objects, it made the base for it.

Lummis said that she hopes that the Senate Banking Committee will vote on the part of the bill dealing with the Securities and Exchange Commission this month. He said that he hoped that the Senate Agricultural Committee will vote on the part of the Commodity Futures Trading Commission in October.

Lummis said that one vote on the floor may come soon.

The draft has not yet received support from the Senate Democrats, but Lummis said that bilateral discussion is going on.

Lummis said, “To ensure efforts to connect democrats and Republicans on some sub-presses within the bill, the greatest possible on major issues is possible.”

Even if all the Republicans voted for the remedy, at least seven democratic senators will need to be connected to them.

A spokesperson of the Senate Banking Committee said in a statement that the draft “reflects the reaction to a wide range of reactions from hundreds of stakeholders.”