U.S. Senator Cynthia Lummis, a leading Republican on crypto legislation, has announced that the Senate aims to pass a comprehensive Bitcoin and cryptocurrency market-structure bill by the end of 2025. The bill, backed by President Donald Trump, is expected to establish a regulatory framework for the digital asset market and is targeted for enactment by 2026. Lummis has expressed confidence that the legislation will be delivered to the president's desk before Thanksgiving, with efforts ongoing to align the Senate's version with the House's framework. Concurrently, the U.S. House of Representatives has incorporated a ban on Central Bank Digital Currencies (CBDCs) into the must-pass 2026 defense spending bill, effectively preventing the Federal Reserve from issuing a digital dollar. This move marks a notable development in federal digital asset policy, signaling legislative momentum toward clearer crypto market regulations and restrictions on digital currency issuance by the Fed.