The U.S. Senate is set to unveil its version of the Crypto Market Structure Act this week, with hearings and a vote scheduled for next week. Senators Kirsten Gillibrand and Cynthia Lummis announced the progress at the Blockchain Association Policy Summit in Washington, D.C. Gillibrand highlighted ongoing bipartisan negotiations, noting that recent meetings have been productive, with no significant obstacles hindering the bill's advancement. Lummis, a member of the Senate Banking Committee, confirmed plans to share the draft bill this weekend, followed by hearings and a vote. The negotiations have reached the White House level, involving discussions with industry stakeholders. Lummis also mentioned ongoing talks regarding the ethics clause with Democratic Senator Ruben Gallego, which the White House has requested to be revised.