The U.S. Senate Banking Committee has spent approximately two hours reviewing the Digital Asset Market Structure Act and has concluded votes on 16 amendments. Approved amendments include Rounds’ AI Financial Sandbox amendment by a vote of 15 to 9, McCormick’s portfolio margining amendment by 18 to 6, and Lummis’s Amendment No. 122 by 18 to 6. All 12 Democratic amendments were rejected by a vote of 11 to 13, and four additional amendments were withdrawn. During the proceedings, Scott’s allowance of the Lummis amendment sparked procedural controversy; Warren and Warnock have stated they will vote against the final bill, with the final vote expected within hours.
Senate Banking Committee Debates Bill on Digital Asset Market Structure
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Summary
The Senate Banking Committee debated digital asset developments, spending two hours on the Digital Asset Market Structure Bill and voting on 16 amendments. Rounds’ AI financial sandbox amendment (15–9), McCormick’s portfolio margin amendment (18–6), and Lummis’ Amendment 122 (18–6) passed. All 12 Democratic amendments failed (11–13), with four withdrawn. Despite opposition from Warren and Warnock, who plan to block the final bill, Scott permitted Lummis’ amendment. A final vote is expected soon. Digital collectibles developments remain closely monitored amid regulatory shifts.
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